Oceaneering lands USD 100m umbilicals gig at Eni OCTP project offshore Ghana

Submitted by Editorial on Tue, 2015-03-24 10:02

24th March 2015

Oceaneering International has announced that, as part of a consortium with GE Oil & Gas, it has secured a contract with ENI Ghana Exploration and Production, Ltd. and its partners, Vitol and GNPC, to supply equipment for the Offshore Cape Three Points (OCTP) Block Project development located off the coast of West Africa

This contract adds over USD 100m to its Subsea Products backlog.

Oceaneering’s scope of work under this contract is to supply electro-hydraulic, steel tube umbilicals totaling approximately 51 kilometres in length.

This contract adds over USD 100m to its Subsea Products backlog.

Product manufacturing is planned to be performed at Oceaneering’s umbilical facility in Panama City, Florida and is expected to commence in the second quarter of 2015 and be completed in the fourth quarter of 2017.