Oceaneering Announces BC-10 Phase II Umbilical Contract

abarrelfull wrote on 20 Jul 2012 09:35
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November 2, 2010

Oceaneering International, Inc. (NYSE:OII) announced that it has secured a contract with the BC-10 Consortium, operated by Shell, to supply umbilicals for the development of BC-10 (Parque Das Conchas) Phase II offshore Brazil in the Campos Basin.

The order is for hybrid subsea pump and steel tube production control umbilicals totaling approximately 30 kilometers (19 miles) in length and associated hydraulic flying leads. Manufacture of the product is planned to involve the Oceaneering Multiflex facilities in Panama City, Florida and Niteroi, Brazil commencing in early 2011.

These umbilicals will be used to support subsea development of the Argonauta O-North field consisting of seven production and four injection wells in water depths ranging from 4,900 to 6,500 feet.

Hybrid umbilicals offer several capabilities in a single integrated product, which generally lower an offshore field operator’s development cost. Hybrid pump umbilicals specifically provide electric power transmission to subsea pumps that increase and accelerate production from some fields, particularly those with heavy crude or in deepwater.

• Oceaneering Announces BC-10 Phase II Umbilical Contract

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