Oceaneering Announces Pazflor Subsea Separation Equipment Umbilical Contract

abarrelfullabarrelfull wrote on 20 Jul 2012 08:36

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April 30, 2008

Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced it recently secured a contract with FMC Kongsberg Subsea AS, a subsidiary of FMC Technologies, Inc. (NYSE: FTI), valued at over $15 million to supply umbilicals for use on Total’s Pazflor project off the coast of Angola.

The order is for three umbilicals totaling approximately 11,800 meters (7.3 miles) in length, to be installed as part of FMC Technologies’ subsea gas/liquid separation system. The umbilicals will be used to supply electrical power to subsea pumps and the separation system’s control pod, lubrication to the subsea pumps, and hydraulic pressure to operate valve actuators. They will also be used to provide chemicals to modulate the process fluids for flow assurance and transmit control signals to the subsea separation system.

Manufacture of the umbilicals, which include electric power cables, steel tubes, and fiber optics, is planned to be performed at the Oceaneering Multiflex facility in Panama City, Florida. Delivery is scheduled for 2010. Under terms of the contract, Oceaneering will also purchase and provide to FMC Technologies over 200 buoyancy modules to be used in the installation of the umbilicals.

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