Oceaneering Announces Equinor Contract Award for E-ROV Services

Tuesday 14 August 2018

Oceaneering International, Inc. announced that one of its wholly owned subsidiaries has entered into a contract with Equinor ASA for a three-year term with two one-year optional extension periods to provide a resident, battery-powered electric remotely operated vehicle ("E-ROV") system to support subsea inspection, maintenance and repair activities. The E-ROV system is expected to be deployed in water depths up to 1000 meters on the Norwegian Continental Shelf. Work under the contract is scheduled to commence in early December 2018.

The E-ROV system is piloted from one of Oceaneering's onshore Mission Support Centers, using the Company's proprietary Remote Piloting and Automated Control Technology, or RPACT. The RPACT transfers ROV control data and live, high-denition video with low latency, using a 4G mobile broadband signal transmitted from a buoy on the water's surface. This technology also deploys machine vision learning and augmented reality techniques, and allows for eciencies and versatility that lead to real-time control of the ROV and its tooling.