Oceaneering announced this morning (10) that it had signed two new and important contracts with Petrobras, which provide for the supply of up to 362 kilometers of steel tube umbilicals and thermoplastic electro-hydraulic umbilicals. The agreements also include the supply of associated subsea distribution hardware for use in offshore projects in Brazil.
Manufacturing of the products is scheduled to take place at Oceaneering’s facility in Niterói (RJ), with final delivery expected in the fourth quarter of 2027. The aggregate net revenue expected by Oceaneering from the agreement is in the range of US$120 million to US$ $183 million.
“The award of these important contracts reinforces our confidence in our customers’ durability and commitment to the resurgent deepwater markets. It further demonstrates Oceaneering’s position as a trusted supplier with the ability to deliver quality work safely and on time. This advances the cutting-edge position of our manufacturing operation in Brazil and we look forward to supporting Petrobras on these projects,” said Oceaneering President and CEO Roderick Larson.
Brazil Energy Insight 
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