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]

Key Takeaways PBR awarded four offshore inspection contracts to Fugro worth $340M over four years. Two Fugro vessels and two partner ships will use ROV tech to boost safety and efficiency. Three contracts are renewals with better terms; one introduces a new strategic engagement.Petróleo Brasileiro S.A. - Petrobras (PBR) recently announced its tender results and awarded four multi-year contracts to Fugro, a long-term collaborator known for its technological expertise in subsea inspection and monitoring. Th ...