Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Offshore Projects Group has been awarded an integrated offshore installation contract at the West Delta Deep Marine (WDDM) gas field development project offshore Egypt from Burullus Gas Company. The contract is expected to generate meaningful revenue in 2026.

Under the scope of work, Oceaneering will provide an integrated solution to support the transportation, offshore installation, and commissioning of a refurbished subsea umbilical and a 2,000-meter replacement thermoplastic composite pipe (TCP) flowline, including procurement and integration of the TCP. Work to refurbish the umbilical was carried out at Oceaneering’s umbilical manufacturing facility in Rosyth, UK. Oceaneering will also supply associated remotely operated vehicle (ROV) and survey services to support offshore operations, which are expected to commence on an accelerated schedule.

Chris Dyer, Senior Vice President of Oceaneering’s Offshore Projects Group, stated: “This award highlights Oceaneering’s ability to deliver integrated offshore installation solutions on an expedited timeline to restore production. By bringing together logistics management, refurbishment expertise, vessel operations, and ROV services, we can provide our customer with an end-to-end, single source solution that accelerates project execution and delivers significant value. We are proud to continue supporting the WDDM development through our comprehensive offshore capabilities.”

Source: BUSINESS WIRE