{"id":415321,"date":"2021-01-14T16:04:06","date_gmt":"2021-01-14T21:04:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415321"},"modified":"2021-01-14T16:04:06","modified_gmt":"2021-01-14T21:04:06","slug":"oceaneerings-subsea-robotics-segment-wins-contracts-in-excess-of-225-million-during-fourth-quarter-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oceaneerings-subsea-robotics-segment-wins-contracts-in-excess-of-225-million-during-fourth-quarter-2020\/","title":{"rendered":"Oceaneering’s Subsea Robotics Segment Wins Contracts in Excess of $225 Million during Fourth Quarter 2020"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n HOUSTON<\/span>, Jan. 14, 2021<\/span> \/PRNewswire\/ —\u00a0Oceaneering International, Inc.\u00a0(NYSE:OII) announces\u00a0that\u00a0its Subsea Robotics segment won\u00a0multiple\u00a0contracts during the\u00a0fourth quarter of 2020, with anticipated aggregate revenue in excess of $225\u202fmillion.\u00a0 These contracts\u00a0are\u00a0with international oil and gas operators and marine construction companies,\u00a0and\u00a0range in duration from several months to five years.\u00a0 The work scopes are primarily for remotely operated vehicle (ROV) services delivered from floating drilling rigs and multi-service, subsea intervention,\u00a0and construction vessels.\u00a0 Also included among the contracted scopes are ROV tooling, survey, positioning,\u00a0and autonomous underwater vehicle (AUV) services.\u00a0\u00a0\u00a0<\/p>\n

The contract awards reinforce\u00a0Oceaneering’s\u00a0standing as a premier ROV operator\u00a0for\u00a0the offshore\u00a0oil and gas\u00a0industry,\u00a0as\u00a0many of these projects are in traditional energy developments.\u00a0 In addition,\u00a0Oceaneering\u00a0is growing its presence in\u00a0the\u00a0renewable energy\u00a0sector\u00a0with\u00a0a contract for\u00a0its\u00a0high-speed, high-current capable\u00a0Isurus<\/i>\u00a0ROVs to support offshore\u00a0wind\u00a0projects.\u00a0\u00a0<\/p>\n

\n Rod Larson<\/span>, President and Chief Executive Officer, stated,\u00a0“We value the\u00a0confidence\u00a0that our customers have in Oceaneering, as evidenced by the volume of this order intake.\u00a0 The addition of several long-term contracts\u00a0reinforces our\u00a0belief\u00a0that\u00a0operators continue to view offshore developments as key portfolio investments.\u00a0Our offshore robotics resources,\u00a0coupled\u00a0with an increasing capacity to work remotely with less on-site intervention, enhance job safety, reduce environmental impacts,\u00a0and bring cost efficiencies to our customers.\u00a0 These advances strengthen\u00a0our position as\u00a0a\u00a0market leader in the provision of global ROV services.”\u00a0<\/p>\n

\n Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward-looking.\u00a0 The forward-looking statements in this press release include the\u00a0statements\u00a0concerning Oceaneering’s: anticipated aggregate revenue; growing presence in the renewable energy sector; characterization of benefits from its offshore robotics resources, coupled with an increasing capacity to work remotely with less on-site intervention; and characterization of its position as a market leader in\u00a0the\u00a0provision of\u00a0global\u00a0ROV services.\u00a0 Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve\u00a0a number of\u00a0risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting Oceaneering’s business.\u00a0 Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated.\u00a0 These and other risks are more fully described in Oceaneering’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.<\/i>\u00a0<\/p>\n

Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry.\u00a0\u00a0Through the use of\u00a0its applied technology expertise, Oceaneering also serves the defense,\u202faerospace and entertainment industries.\u202f\u202f\u202f\u00a0<\/p>\n

For more information on Oceaneering, please visit\u202fwww.oceaneering.com<\/a>.\u202f\u00a0<\/p>\n

Contact:\u202f\u00a0
Mark Peterson\u202f\u00a0
Vice President, Corporate Development and Investor Relations\u202f\u00a0
Oceaneering International, Inc.\u202f\u00a0
713-329-4507\u202f\u00a0
investorrelations@oceaneering.com<\/a><\/u><\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/oceaneerings-subsea-robotics-segment-wins-contracts-in-excess-of-225-million-during-fourth-quarter-2020-301208787.html<\/a><\/p>\n

SOURCE Oceaneering International, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HOUSTON, Jan. 14, 2021 \/PRNewswire\/ —\u00a0Oceaneering International, Inc.\u00a0(NYSE:OII) announces\u00a0that\u00a0its Subsea Robotics segment won\u00a0multiple\u00a0contracts during the\u00a0fourth quarter of 2020, with anticipated aggregate revenue in excess of $225\u202fmillion.\u00a0 These contracts\u00a0are\u00a0with international oil and gas operators and marine construction companies,\u00a0and\u00a0range in duration from several months to five years.\u00a0 The work scopes are primarily for remotely operated vehicle (ROV) services delivered from floating drilling rigs and multi-service, subsea intervention,\u00a0and construction vessels.\u00a0 Also included among the contracted scopes are ROV tooling, survey, positioning,\u00a0and autonomous underwater vehicle (AUV) services.\u00a0\u00a0\u00a0 The contract awards reinforce\u00a0Oceaneering’s\u00a0standing as a premier ROV operator\u00a0for\u00a0the offshore\u00a0oil and gas\u00a0industry,\u00a0as\u00a0many of these projects are in traditional energy developments.\u00a0 In addition,\u00a0Oceaneering\u00a0is growing its presence in\u00a0the\u00a0renewable energy\u00a0sector\u00a0with\u00a0a contract for\u00a0its\u00a0high-speed, high-current capable\u00a0Isurus\u00a0ROVs to support offshore\u00a0wind\u00a0projects.\u00a0\u00a0 Rod … <\/p>\n

Continue reading “Oceaneering’s Subsea Robotics Segment Wins Contracts in Excess of $225 Million during Fourth Quarter 2020”<\/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-415321","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOceaneering's Subsea Robotics Segment Wins Contracts in Excess of $225 Million during Fourth Quarter 2020 - 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-subsea-robotics-segment-wins-contracts-in-excess-of-225-million-during-fourth-quarter-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oceaneering's Subsea Robotics Segment Wins Contracts in Excess of $225 Million during Fourth Quarter 2020 - 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