Oceaneering International Secures $80-$90 Million ROV Services Contract with Esso Angola

Reuters
2025/07/14
Oceaneering International Secures $80-$90 Million ROV Services Contract with Esso Angola

Oceaneering International, Inc. has announced that its subsidiaries, Oceaneering Angola, S.A. and Oceaneering Marine Technologies Ltd., have secured a significant contract with Esso Exploration Angola (Block 15) Limited, an ExxonMobil affiliate. The contract, effective from July 1, 2025, is projected to generate revenues between $80 million and $90 million over a three-year period. This agreement, re-awarded after a competitive bidding process, involves the provision of multiple work-class ROVs, ROV tooling, intervention workover control systems, satellite communication systems, and various subsea services. These operations will support Esso's offshore activities in Angola Block 15, utilizing Esso-supplied facilities and vessels. Martin McDonald, Senior Vice President of Subsea Robotics, highlighted the contract as a testament to Oceaneering's capabilities and its role as a trusted partner in the Angolan offshore energy sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceaneering International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250714155940) on July 14, 2025, and is solely responsible for the information contained therein.

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