Global Leader in International Subsea Industry News

posted in:

Oceaneering - www.youroilandgasnews.com

Oceaneering announces Subsea BOP control systems contracts

Wednesday, Feb 13, 2013

HOUSTON, Feb. 12, 2013 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced that it has secured contracts with a subsidiary of Transocean Ltd. (NYSE:RIG) to provide three subsea blowout preventer (BOP) control systems.  These contracts add over $40 million to Oceaneering's Subsea Products backlog.

The contracts are for discrete hydraulic systems that will be used on existing semi-submersible drilling rigs that Transocean is modifying to comply with the American Petroleum Institute's recently issued standard API 53, which requires subsea BOPs with a single shear ram to be upgraded or replaced.  These systems will be manufactured at the Oceaneering Intervention Engineering facility in Houston, with deliveries anticipated in the fourth quarter of 2013 and the first quarter of 2014.

M. Kevin McEvoy, President and Chief Executive Officer, stated, "These contract awards are evidence of our ability to provide subsea hardware engineered to provide superior quality, performance and reliability.  Our BOP control systems are engineered to meet these criteria and to have low maintenance requirements, thereby maximizing rig uptime."

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 advanced applied technology expertise, Oceaneering also serves the defense and aerospace industries.

SOURCE Oceaneering International, Inc.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Subsea News

Hallin commences new offshore installation support project in Bay of Bengal 17-04-2014
Integrated Oceaneering team combines technologies for Australian success 16-04-2014
Technip Heerema Alliance wins major Kaombo subsea contract offshore Angola 16-04-2014
Subsea Technologies Ltd. celebrates year of growth and move to new premises with place in the final of Scottish Business Awards 15-04-2014
AISUS Offshore achieves turnover in excess of £1million in first year in business 15-04-2014
Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola 15-04-2014
Rise in demand for rental equipment offshore drilling projects predicted 14-04-2014
Angola: Total launches the development of Kaombo, an ultra-deep offshore project 14-04-2014
Subsea 7 S.A. share repurchase 11-04-2014
Aker Solutions to supply subsea manifolds for Petrobras pre-salt fields 11-04-2014