​Oceaneering Announces Shell Appomattox Umbilical Contract
Wednesday 9 September 2015
Oceaneering International, Inc. (NYSE:OII) announced that it secured a contract from Shell to supply umbilicals for the deepwater Appomattox development located in the Mississippi Canyon area of the U.S. Gulf of Mexico.
The order is for electro-hydraulic steel tube control umbilicals, totaling approximately 60 kilometers (37 miles) in length. Product manufacturing is planned to be performed at Oceaneering's umbilical facility in Panama City, Florida and is expected to commence in the fourth quarter of 2015 and be completed in the third quarter of 2017.
This contract is another award by Shell to Oceaneering for a state-of-the-art umbilical under an Enterprise Frame Agreement, which was executed in November 2012.