Oceaneering to Supply Subsea Umbilicals for KG-DWN 98/2 Project

Oceaneering International, Inc. has announced that it has been awarded contracts by Baker Hughes, a GE company (BHGE), and partner in the consortium for the Oil & Natural Gas Corporation of India (ONGC) KG DWN 98/2 deepwater field development in the Bay of Bengal, to supply subsea umbilical control systems. Oceaneering's scope comprises the subsea umbilical control systems to allow production of gas from fields U and R, and oil from fields A, P, and M.

The contract award includes design and manufacture of 44 electro-hydraulic control umbilicals, totaling approximately 73 miles (118 kilometers) in length, delivered on a combination of reels and carousels. Manufacture of the umbilicals is scheduled to occur at Oceaneering's facility in Rosyth, Scotland and is expected to commence in the third quarter of 2019 and be completed in the first quarter of 2021.

In March 2019, Oceaneering was awarded a separate contract to supply a subsea, steel tube control umbilical and associated hardware to facilitate early gas delivery for the project, which is anticipated in fourth quarter 2019. Manufacture of the umbilical measuring 8.2 miles (13.2 kilometers) and associated hardware is in progress at Oceaneering's facility in Panama City, Florida.

Rod Larson, President and Chief Executive Officer, stated: "Securing these significant awards is gratifying, and we are pleased with our status as a preferred provider of umbilical systems to the consortium through BHGE. We look forward to participation in forthcoming projects in the Bay of Bengal region, where deepwater opportunities hold vast potential for the region's energy needs."

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