KOIL Energy Secures Significant Contract with U.S. Oil Company to Deliver an Integrated Subsea Distribution System

Core Insights - KOIL Energy Solutions, Inc. has secured a significant contract to supply a subsea distribution system for a deepwater project in the Gulf of America [1] Group 1: Contract Details - The contract involves the manufacturing of subsea umbilical termination assemblies (SUTAs), hydraulic distribution manifolds (HDMs), steel tube flying leads (STFLs), mudmat structures, and ancillary hardware for a subsea tieback project [2] - The project will integrate KOIL's manufactured equipment with that of other leading subsea suppliers, controlling additional subsea assets such as pipeline end manifolds (PLEMs) and trees [2] Group 2: Company Strategy and Recognition - The CEO of KOIL Energy emphasized the company's focus on delivering innovative, integrated solutions that create greater value for customers [3] - KOIL is recognized for providing competitive, high-performance subsea systems globally, leveraging practical design solutions and a vertically integrated supply chain [3] Group 3: Project Scope and Timeline - The scope of work includes engineering, procurement, fabrication, assembly, integration, and testing, to be conducted at KOIL's manufacturing facility in Houston, Texas [4] - Final delivery of the subsea distribution system is scheduled for the third quarter of 2026, with an option for offshore installation services included [4] Group 4: Company Background - KOIL Energy, founded in 1997, is a leading energy services company specializing in subsea equipment and support services for the energy and offshore industries [5] - The company boasts a team of world-class experts in engineering and manufacturing, committed to providing innovative solutions to complex customer challenges [5]