HOUSTON, Jan. 12, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract to supply a subsea distribution system for a deepwater project in the Gulf of America. KOIL Energy Subsea Distribution System KOIL Energy will manufacture the subsea umbilical termination assemblies (SUTAs), hydraulic distribution manifolds (HDMs), steel tube flying leads (STFLs), mudmat structures, and ancill ...

Core Insights - Oceaneering International (OII) has secured a significant multi-year contract valued between $80 million and $90 million from Esso Exploration Angola, starting July 1, 2025, reinforcing its strong presence in Angola's offshore energy sector [1][2][8] Contract Details - The contract was awarded after a competitive tendering process and will span three years, enhancing Oceaneering's position as a leading provider of subsea robotics and integrated offshore solutions in West Africa [2][8] - The scope includes advanced remotely operated vehicles (ROVs), intervention workover control systems (IWOCS), satellite communication systems, hydrate remediation services, subsea inspection, and expert engineering support [2][8] Technical Capabilities - Oceaneering will deploy multiple work-class ROVs designed for deepwater operations, supported by modular tooling packages tailored to meet Esso's operational objectives [4][5] - The IWOCS provided by Oceaneering will facilitate efficient well commissioning, maintenance, and intervention activities, recognized for their modular design and rapid mobilization capabilities [6][7] Subsea Engineering and Inspection - Oceaneering's strengths in subsea inspection and engineering design are highlighted, utilizing proprietary technologies and data analytics for real-time integrity insights critical for asset lifecycle management [9][8] - The company offers proactive hydrate remediation solutions to prevent flow assurance challenges, ensuring optimal system performance in deepwater environments [9] Communication and Operational Efficiency - The integration of satellite communication systems into offshore workflows will enhance operational connectivity, allowing for remote monitoring and rapid decision-making [10][11] Local Engagement and Workforce Development - Oceaneering's operations in Angola are supported by local subsidiaries, focusing on workforce development and aligning with Angola's national content goals [12][13] - The contract supports Oceaneering's strategy to strengthen its presence in Africa while delivering value beyond the oilfield [13] Strategic Importance - Angola Block 15 is a prolific offshore block, and by securing this contract, Oceaneering aligns with Esso's operational requirements, ensuring high standards of safety and innovation [14][15] Industry Leadership - The contract win reinforces Oceaneering's position as a trusted partner in Angola's offshore energy sector, reflecting its capabilities in subsea robotics and intervention services [16] - As the energy industry evolves, Oceaneering is well-positioned to capture future opportunities in Angola and beyond, focusing on technological advancements and sustainable operations [17][18] Conclusion - The awarded contract underscores Oceaneering's commitment to technical excellence, operational reliability, and local engagement, setting new benchmarks for offshore services in Angola and globally [19]