Oceaneering Announces Jangkrik Umbilicals Contract

abarrelfullabarrelfull wrote on 13 Jun 2014 10:19
Tags: asia eni indonesia oceaneering services

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Oceaneering International, Inc. (NYSE: OII) announced it has secured a contract from FMC Technologies Singapore Pte Limited, a subsidiary of FMC Technologies, Inc. (NYSE: FTI), to supply umbilicals for the Jangkrik project located in the Muara Bakau PSC (Production Sharing Contract) area off the coast of Indonesia.

The order is for super-duplex steel tube production control umbilicals, with a total combined length of approximately 31 miles (50 kilometers). These will be used to supply hydraulic and electrical power and chemical injection to the subsea wells in the field.

Product manufacturing will be performed at the Oceaneering Umbilical Solutions facility in Rosyth, Scotland commencing in the fourth quarter of 2014, with delivery scheduled for the second quarter of 2016.

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