MSV Ocean Intervention, New Contract

Friday, December 12, 2008

Oceaneering International, Inc. (NYSE:OII) announced it has secured a one-year term contract with estimated revenue in the range of $25m to $30m for use of the MSV Ocean Intervention and other related services, commencing early February 2009. The contract contains a customer option for a one-year extension.

The customer has contracted Oceaneering to conduct inspection, repair, and maintenance (IRM) of deepwater subsea facilities in the Gulf of Mexico (GOM). Examples of this work include changing out pods and chokes, installing flowline jumpers and control umbilical flying leads, remediating hydrates, and supporting diving operations on deepwater floating facilities.

The Ocean Intervention is a 246 ft DP-2 MSV with a moonpool cursor-deployed 300 HP Maxximum work class ROV system, a 20 ton marine crane, a 60 ton A-Frame, a 50 ton subsea winch, a working moonpool, and accommodations for 50 people. The vessel has a satellite communications system with streaming video for real-time observation of work being performed.

Kevin McEvoy, Executive Vice President, stated, "This is the fourth consecutive year our customer has made a one-year term commitment to use the Ocean Intervention and our services. This continued relationship is based on the confidence our customer has in our ability to provide high quality services in the challenging deepwater IRM market. It also gives recognition to the service quality reputation we have earned through the efforts of our highly skilled personnel.

"The other services to be provided under this contract include diving, project management, and ROV tooling rentals, upon request. We also anticipate orders for specialty subsea products under separate contracts to support our customer's IRM program."

Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.

(www.oceaneering.com)

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0930 sec (11 req/sec)