Oceaneering (OII) Gets Umbilical Supply Contract from Petroleo Brasileiro (PBR)
Tweet Send to a FriendGet Alerts OII Hot Sheet
Down)
Trade OII Now!
Oceaneering International, Inc. (NYSE: OII) has secured a contract from Petroleo Brasileiro S.A. (NYSE: PBR), Petrobras, to supply approximately 135 kilometers, or 85 miles, of thermoplastic production control umbilicals for the Whales Park field development project offshore Brazil in the Espirito Santo Basin.
This contract has added $70 million to its Subsea Products backlog. Product manufacturing is planned to take place in Oceaneering's plant in Niteroi, Brazil and is expected to commence in the fourth quarter of 2012 and be completed in the fourth quarter of 2014.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
This contract has added $70 million to its Subsea Products backlog. Product manufacturing is planned to take place in Oceaneering's plant in Niteroi, Brazil and is expected to commence in the fourth quarter of 2012 and be completed in the fourth quarter of 2014.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Google (GOOG) Improves Maps for Mobile
- Yahoo (YHOO) Partners to Add Twitter to Yahoo! Newsfeed
- GigaMedia (GIGM) Prelim Q1 Results Flat w/ Expectations
Create E-mail Alert Related Categories
Corporate News
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
