Oceaneering International (NYSE:OII) Q4 2025 Earnings call February 19, 2026 11:00 AM ET Company ParticipantsHilary Frisbie - Senior Director of Investor RelationsKeith Beckman - VPMike Sumruld - SVP and CFORod Larson - President and CEOConference Call ParticipantsJosh James - AnalystNone - AnalystOperatorHello, and welcome to Oceaneering's fourth quarter and full year 2025 earnings conference call. My name is Sarah, and I will be your conference operator. All lines have been placed on mute to prevent any b ...

Core Insights - Subsea 7 S.A. has been awarded a large contract by ConocoPhillips Skandinavia AS for the Previously Produced Fields (PPF) development offshore Norway, which includes engineering, procurement, construction, and installation (EPCI) of subsea structures, umbilicals, risers, and flowlines (SURF) [1][3] - The contract follows a previous award for front-end engineering and design (FEED) that finalized the technical definition of the development [1][2] - The project is set to begin engineering and project management immediately, with major offshore campaigns planned for 2027 and 2028 [2] Company and Industry Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being a preferred partner and employer [4] - The Previously Produced Fields are located in the Greater Ekofisk Area, approximately 290 kilometers southwest of Stavanger, Norway, and will be connected to the existing Ekofisk Complex [2] - The contract is subject to authority approval of the Plan for Development and Operations (PDO) [3]

Core Insights - Subsea 7 S.A. has been awarded a sizeable contract offshore Egypt for the engineering, procurement, commissioning, and installation of flexible pipelines, umbilicals, and associated subsea components [1][2] - The project management and engineering work will commence immediately at Subsea 7's offices in France, Portugal, and Egypt, with offshore activities expected to start in 2026 [1][2] - Subsea 7 defines a sizeable contract as being between $50 million and $150 million [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being the partner of choice in the sector [3]