Oceaneering Announces Mariner Energy Bass Lite Umbilical Contract
October 11 2006 - 5:15PM
PR Newswire (US)
HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- Oceaneering
International, Inc. (NYSE:OII) announced that it has secured a
contract with an approximate value of $30 million from Mariner
Energy, Inc. (NYSE:ME) to supply umbilicals and the related
connection hardware for the Bass Lite field development in the Gulf
of Mexico. The order is for steel tube umbilicals totaling over 55
miles in length with hydraulic lines rated for 10,000 psi, as well
as electrical and armored fiber optic lines. Umbilical
manufacturing is planned to take place at the Oceaneering Multiflex
facility in Panama City, Florida. The umbilicals will be used to
tie Bass Lite, located in 6,750 feet of water at Atwater Block 426,
to the Devil's Tower spar in Mississippi Canyon Block 773.
Oceaneering is an advanced applied technology company that provides
engineered services and hardware to Customers who operate in
marine, space, and other harsh environments. Oceaneering's services
and products are marketed worldwide to oil and gas companies,
government agencies, and firms in the aerospace and marine
engineering and construction industries. For further information,
please contact Jack Jurkoshek, Director Investor Relations,
Oceaneering International, Inc., 11911 FM 529, Houston, Texas
77041; Telephone 713-329-4670; Fax 713-329-4653;
http://www.oceaneering.com/ ; E-Mail . DATASOURCE: Oceaneering
International, Inc. CONTACT: Jack Jurkoshek, Director Investor
Relations of Oceaneering International, Inc., +1-713-329-4670, or
fax, +1-713-329-4653, or Web site: http://www.oceaneering.com/
Copyright
Mariner Energy Inc. (NYSE:ME)
Historical Stock Chart
From Sep 2024 to Oct 2024
Mariner Energy Inc. (NYSE:ME)
Historical Stock Chart
From Oct 2023 to Oct 2024