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The contract will be executed by Oceaneering's Brazilian subsidiary, Marine Production Systems, and focuses on operating three existing drill pipe riser systems.
Oceaneering International Inc (NYSE: OII) disclosed winning a five-year contract from Petróleo Brasileiro S.A. (Petrobras) in Brazil for the operation of three existing drill pipe riser (DPR) systems to support intervention and completion operations in Brazil. Petrobras also has the option to add a fourth DPR system by notifying Oceaneering before mid-December 2023. The field operations are expected to start when the current contract expires or 18 months afterwards. The five-year contract value
Oceaneering International has secured a contract from Brazilian state-owned oil and gas giant Petrobras for the operation of drill pipe riser (DPR) systems in Brazil.
HOUSTON, October 09, 2023--Oceaneering Announces Petrobras Drill Pipe Riser Systems Contract
Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that one of its wholly owned subsidiaries, Marine Production Systems do Brasil Ltda., has secured a five-year contract from Petróleo Brasileiro S.A.