Oceaneering to Supply Umbilicals for Petrobras’ Offshore Project (Brazil)

Oceaneering International, Inc.  has secured a contract from Petrobras to supply approximately 135 kilometers, or 85 miles, of thermoplastic production control umbilicals for the Parque das Baleias (Whales Park) development project offshore Brazil in the Espirito Santo Basin.

This contract has added $70 million to its Subsea Products backlog. Product manufacturing is planned to take place in Oceaneering’s plant in Niteroi, Brazil and is expected to commence in the fourth quarter of 2012 and be completed in the fourth quarter of 2014.

Oceaneering is a global 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.

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Source: Oceaneering, April 12, 2012