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Oceaneering looking at up to $90M in revenue thanks to contract with ExxonMobil

U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola.

Illustration. Source: Oceaneering

Oceaneering Angola and Oceaneering Marine Technologies have been awarded a contract by Esso Exploration Angola (Block 15) Limited for services in support of offshore operations in Angola Block 15.

The contract, which began on July 1, is expected to generate $80 million to $90 million in revenue over its three-year term.

The scope includes the provision of multiple work-class ROVs, ROV tooling, intervention workover control systems (IWOCS), satellite communication systems, and subsea inspection, hydrate remediation, and engineering services, set to be deployed from Esso-supplied facilities, intervention vessels, and drilling rigs.

According to Oceaneering, this contract was re-awarded following a competitive bidding process.

Martin McDonald, Subsea Robotics Senior Vice President at Oceaneering, said: โ€œSecuring this contract renewal with Esso, a key customer, through a competitive process reinforces our position as a trusted partner in Angolaโ€™s offshore energy sector. This award not only reflects our capabilities in country for subsea robotics and intervention services but also supports our continued growth in a strategically important region.โ€

It was reported a couple of days ago that ExxonMobilโ€™s Angolan subsidiary and its consortium partners had secured an extension of the production sharing contract (PSC) for Block 15 offshore Angola, extending the production period until 2037.

๐ƒ๐จ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ญ ๐ญ๐จ ๐ ๐ซ๐š๐› ๐ญ๐ก๐ž ๐š๐ญ๐ญ๐ž๐ง๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐ฒ๐จ๐ฎ๐ซ ๐ญ๐š๐ซ๐ ๐ž๐ญ ๐š๐ฎ๐๐ข๐ž๐ง๐œ๐ž ๐ข๐ง ๐จ๐ง๐ž ๐ฆ๐จ๐ฏ๐ž?

๐‡๐ฎ๐ซ๐ซ๐ฒ ๐ฎ๐ฉ ๐š๐ง๐ ๐ญ๐š๐ค๐ž ๐š๐๐ฏ๐š๐ง๐ญ๐š๐ ๐ž ๐จ๐Ÿ ๐จ๐ฎ๐ซ ๐ฌ๐ฎ๐ฆ๐ฆ๐ž๐ซ ๐ฌ๐š๐ฅ๐ž ๐๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐Ÿ ๐ฎ๐ฉ ๐ญ๐จ ๐Ÿ“๐ŸŽ% ๐จ๐ง ๐š๐๐ฏ๐ž๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐  ๐ฉ๐š๐œ๐ค๐š๐ ๐ž๐ฌ!

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