Oceaneering International, Inc. announced Tuesday that a contract from Shell Offshore, Inc. to supply umbilicals for the deepwater Appomattox development located in the Gulf of Mexico will create growth for its Panama City, Florida, facility.
Umbilicals transfer power, chemicals, communications and more to and from subsea developments, serving literally as the lifeline to subsea trees, manifolds, jumpers, sleds and controls. As the connective medium between surface installations and subsea developments, umbilicals can include electrical, hydraulic, chemical injection and fiber optic connections.
The order is for electro-hydraulic steel tube control umbilicals totaling approximately 37 miles in length. Manufacturing, planned for Oceaneering's umbilical facility in Panama City, is expected to commence in the fourth quarter of 2015 and be completed in the third quarter of 2017.
The contract is another award by Shell to Oceaneering for a state-of-the-art umbilical under an Enterprise Frame Agreement executed in November 2012.
Oceaneering is an engineered services and products provider primarily serving the offshore oil and gas industry with a focus on deepwater applications. Through applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.
The business provides remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and engineering and project management.
Founded in 1964 and headquartered in Houston, Oceaneering has grown from an air and mixed gas diving business in the Gulf of Mexico to a diversified, advanced global applied technology organization. Having achieved growth through both internal research and development augmented by strategic acquisitions, it strives to increase its shareholders’ net wealth by providing safe, cost-effective and quality technical solutions satisfying customer needs worldwide.
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