{"id":409246,"date":"2021-01-06T07:03:25","date_gmt":"2021-01-06T12:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409246"},"modified":"2021-01-06T07:03:25","modified_gmt":"2021-01-06T12:03:25","slug":"oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\/","title":{"rendered":"Oceaneering&#8217;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Jan. 6, 2021<\/span> \/PRNewswire\/ &#8212; 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.\u00a0 The\u00a0contracts range\u00a0in duration\u00a0from three to five years, with a cumulative value exceeding $250\u00a0million.\u00a0\u00a0These 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.\u00a0\u00a0Approximately 55% of these contracts represent renewals of existing agreements, and 45% represent incremental business.\u00a0<\/p>\n<p>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.\u00a0 The sites covered by these contracts include vessels, LNG plants, LNG storage facilities, terminals, and production facilities in <span class=\"xn-location\">Qatar<\/span>, <span class=\"xn-location\">Angola<\/span>, <span class=\"xn-location\">Azerbaijan<\/span>, <span class=\"xn-location\">the United States<\/span>, and Australia.\u00a0\u00a0<\/p>\n<p>\n        <span class=\"xn-person\">Rod Larson<\/span>, President and Chief Executive Officer, stated, &#8220;The trust of these contracted operators recognizes the value of the efficient and cost-effective way of operating that Oceaneering offers our customers.\u00a0\u00a0We are encouraged by this early, enthusiastic response to our realigned IMDS segment, proactively managed by Senior Vice President <span class=\"xn-person\">Kishore Sundararajan<\/span>, which has combined our asset integrity and data analytics businesses into one streamlined segment.&#8221;\u00a0\u00a0<\/p>\n<p>Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry.\u00a0 Through the use of\u00a0its applied technology expertise, Oceaneering also serves the defense,\u00a0aerospace, and entertainment industries.\u202f\u202f\u00a0<\/p>\n<p>For more information on Oceaneering, please visit\u202f<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3019801-1&amp;h=2898441126&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2350811-1%26h%3D3316108008%26u%3Dhttp%253A%252F%252Fwww.oceaneering.com%252F%26a%3Dwww.oceaneering.com&amp;a=www.oceaneering.com\" rel=\"nofollow noopener noreferrer\">www.oceaneering.com<\/a>.\u00a0<\/p>\n<p>Contact:\u00a0<br \/>Mark Peterson\u00a0<br \/>Vice President, Corporate Development and Investor Relations\u00a0<br \/>Oceaneering International, Inc.\u00a0<br \/>713-329-4507\u00a0<br \/><u><a target=\"_blank\" href=\"mailto:investorrelations@oceaneering.com\" rel=\"nofollow noopener noreferrer\">investorrelations@oceaneering.com<\/a><\/u>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA30957&amp;sd=2021-01-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million-301201299.html\">http:\/\/www.prnewswire.com\/news-releases\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million-301201299.html<\/a><\/p>\n<p>SOURCE  Oceaneering International, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA30957&amp;Transmission_Id=202101060700PR_NEWS_USPR_____DA30957&amp;DateId=20210106\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Jan. 6, 2021 \/PRNewswire\/ &#8212; 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.\u00a0 The\u00a0contracts range\u00a0in duration\u00a0from three to five years, with a cumulative value exceeding $250\u00a0million.\u00a0\u00a0These 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.\u00a0\u00a0Approximately 55% of these contracts represent renewals of existing agreements, and 45% represent incremental business.\u00a0 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oceaneering&#8217;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409246","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oceaneering&#039;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oceaneering&#039;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Jan. 6, 2021 \/PRNewswire\/ &#8212; 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.\u00a0 The\u00a0contracts range\u00a0in duration\u00a0from three to five years, with a cumulative value exceeding $250\u00a0million.\u00a0\u00a0These 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.\u00a0\u00a0Approximately 55% of these contracts represent renewals of existing agreements, and 45% represent incremental business.\u00a0 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 &hellip; Continue reading &quot;Oceaneering&#8217;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T12:03:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA30957&amp;sd=2021-01-06\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Oceaneering&#8217;s Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million\",\"datePublished\":\"2021-01-06T12:03:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/\"},\"wordCount\":311,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA30957&amp;sd=2021-01-06\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/oceaneerings-integrity-management-and-digital-solutions-segment-announces-recent-contract-wins-exceeding-250-million\\\/\",\"name\":\"Oceaneering's Integrity Management and Digital Solutions Segment Announces Recent Contract Wins Exceeding $250 Million - 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