Oceaneering awarded offshore work in Angola and Guyana

Oceaneering awarded offshore work in Angola and Guyana

LUANDA, September 5, 2023 – Oceaneering International has signed two contracts with a combined value of USD 100 million for offshore support work on oil and gas projects in Angola and Guyana, the US-based technology provider announced on Thursday.

The first contract will see the company provide transportation and installation services on the life extension project at the Girassol field in Angola.

The scope of the work will include air and saturation diving services, project management, engineering and procurement activities in support of the prime contractor TechnipFMC’s recovery and replacement of 12 risers.

TechnipFMC was chosen to provide subsea works for by French energy giant TotalEnergies in August 2023.

The offshore field is located on Block 17 and is operated by TotalEnergies EP Angola with a 38% stake.

Partners on the concession are Equinor with a 22.16% stake, ExxonMobil with a 19% stake, BP with a 15.84% stake and Sonangol with the remaining 5% stake.

 

Oceaneering International has also signed a contract to provide work on a jumper installation project in the Stabroek block offshore Guyana.

The scope of the contract includes jumper and subsea field development installation and other associated tasks.

Supply work is already underway and is expected to last through 2023.

The exact ExxonMobil-operated development on the Stabroek block was not disclosed.

ExxonMobil operates the Stabroek block with a 45% stake, while partners Hess Corporation holds a 30% stake and China National Offshore Oil Corporation holds the remaining 25% stake.

“These awards substantiate our visibility into increased international activity, as cited in our recent second quarter earnings release,” said Roderick A. Larson, president and CEO of Oceaneering International.

“Our success with these projects supports our belief in the resurgence of international offshore activity and market expectations over the next several years.”

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