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

July 14, 2025, by Nadja Skopljak

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.

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.

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

Martin McDonald, Subsea Robotics Senior Vice President at Oceaneering, said: “Securing this contract renewal with Esso, a key customer, through a competitive process reinforces our position as a trusted partner in Angola’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.”

It was reported a couple of days ago that ExxonMobil’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.