Oceaneering International announced that its Manufactured Products segment has secured a large contract with a domestic independent energy company. The anticipated revenue from this contract is approximately $50 million. Oceaneering is contracted to supply an electro-hydraulic, steel tube dynamic umbilical totaling approximately 27 kilometers (17 miles) in length for a project in the Gulf of Mexico. Manufacturing is scheduled for the Panama City, Florida facility, to commence in 2025 with final delivery expected in the second quarter of 2026.
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