Oceaneering’s Vessel Services Win Big in the Gulf of Mexico

As the energy industry continues to evolve, companies are looking for ways to stay ahead of the curve. For Oceaneering International, that means securing multiple contractual agreements for vessel services with global energy companies in the Gulf of Mexico.

The Offshore Projects Group (OPG) segment of Oceaneering has been awarded two contracts that cover a range of services, including basic and heavy inspection, maintenance, and repair (IMR) services, as well as installation and intervention work. The first contract includes a 60-day work commitment, while the second contract covers an initial 120-day commitment. Both contracts provide for additional work beyond the original commitments.

What’s particularly exciting about these contracts is the inclusion of new technologies from OPG’s integrated, customizable IMR (IMRGE) service. This includes photogrammetry and advanced subsea visual metrology, which will help to improve the efficiency and accuracy of the services provided.

The Gulf of Mexico is a hub of energy activity

“Our vessel bookings have increased year over year, affirming the growing demand for our services,” said Roderick A. Larson, President and Chief Executive Officer of Oceaneering. “These four contracts are foundational to improving our fleet utilization, particularly for our mid-size and larger vessels with 165-ton and 250-ton cranes, respectively.”

The Importance of Vessel Services

As the energy industry continues to grow and evolve, the demand for vessel services is only going to increase. Companies like Oceaneering are well-positioned to take advantage of this trend, providing a range of services that are essential to the smooth operation of offshore energy projects.

Offshore energy projects rely on vessel services

In addition to the contracts mentioned above, Oceaneering has also secured two separate pricing agreements covering installation, IMR, and intervention work. These agreements will help to provide a stable source of revenue for the company, while also giving them the flexibility to adapt to changing market conditions.

What’s Next for Oceaneering?

As Oceaneering looks to the future, it’s clear that they’re well-positioned for success. With a strong track record of providing high-quality vessel services, and a commitment to innovation and technology, they’re set to continue playing a major role in the energy industry.

Oceaneering’s vessels are equipped with the latest technology

As the energy landscape continues to evolve, it will be interesting to see how companies like Oceaneering adapt and innovate. One thing is certain, however - the demand for vessel services is only going to continue to grow, and Oceaneering is well-positioned to take advantage of this trend.