Oceaneering Announces Umbilical Contract for the ExxonMobil Julia Project
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HOUSTON - Oceaneering International, Inc. (NYSE:OII) announced that it has secured a contract with Exxon Mobil Corporation (NYSE:XOM) to supply a production control umbilical for its Julia field development located in the Gulf of Mexico Walker Ridge block.
The order is for an electro-hydraulic, steel tube umbilical approximately 14 miles (22.5 kilometers) in length. Product manufacturing will be performed at Oceaneering's facility in Panama City, Florida, with delivery scheduled for early 2015.
The umbilical will be used to supply hydraulic control fluids, chemicals, and electrical power signals to operate and monitor the subsea wells and manifold used in the field. The water depth at the installation location is approximately 7,200 feet.
Oceaneering is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
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Oceaneering International, Inc.
Web Site: http://www.oceaneering.com
