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Oceaneering Announces Award of Riserless Light Well Intervention Contract by bp Exploration (Caspian Sea) Limited

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Offshore Projects Group (OPG) has been awarded a contract by bp Exploration (Caspian Sea) Ltd. for the provision of riserless light well intervention services (RLWI) in the Azeri-Chirag-Deepwater Gunashli (ACG) oilfield of the Caspian Sea.Oceaneering will support this multi-well mechanical wireline intervention campaign with one of its deepwater RLWI systems integrated onto a customer-provided subsea construction vessel. The scope of work will also include project management, engineering, and systems integration services provided by Oceaneering’s local and international personnel. Engineering and premobilization activities have commenced, and field operations are expected to commence in the fourth quarter of 2025.Chris Dyer, Senior Vice President of OPG, stated, “Oceaneering has successfully provided RLWI solutions to help restore and improve production from existing wells in ot Show less Read more
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