HOUSTON, Jan. 6, 2021 /PRNewswire/ -- Oceaneering
International, Inc. (NYSE:OII) announces that, since the beginning
of the fourth quarter 2020, it has won multiple significant
contracts for its Integrity Management and Digital Solutions (IMDS)
segment. The contracts range in duration from
three to five years, with a cumulative value exceeding
$250 million. These awards, from major operators
for several international projects, exploit synergies, enabled by
design of the recent organizational realignment, within the IMDS
businesses to deliver a cohesive, value-based solution for our
customers. Approximately 55% of these contracts
represent renewals of existing agreements, and 45% represent
incremental business.
The scopes of work for these contracts include software, data
services, monitoring and diagnostic services, integrity management,
remote integrity engineering, and remote and onsite inspection
services for both brownfield and greenfield projects onshore and
offshore. The sites covered by these contracts include
vessels, LNG plants, LNG storage facilities, terminals, and
production facilities in Qatar,
Angola, Azerbaijan, the
United States, and Australia.
Rod Larson, President and Chief
Executive Officer, stated, "The trust of these contracted operators
recognizes the value of the efficient and cost-effective way of
operating that Oceaneering offers our customers. We are
encouraged by this early, enthusiastic response to our realigned
IMDS segment, proactively managed by Senior Vice President
Kishore Sundararajan, which has
combined our asset integrity and data analytics businesses into one
streamlined segment."
Oceaneering is a global provider of engineered services and
products, primarily to the offshore energy industry. Through
the use of its applied technology expertise, Oceaneering also
serves the defense, aerospace, and entertainment
industries.
For more information on Oceaneering, please
visit www.oceaneering.com.
Contact:
Mark Peterson
Vice President, Corporate Development and Investor
Relations
Oceaneering International, Inc.
713-329-4507
investorrelations@oceaneering.com
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SOURCE Oceaneering International, Inc.