Koil Energy Secures $4M in Orders from Gulf of Mexico Operators
Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, today announced the receipt of $4M worth of orders for flying leads and distribution manifolds directly from operators.
The contracts include the design, engineering and manufacturing of hose and steel tube flying leads, and electrical and hydraulic distribution manifolds for various locations in the Gulf of Mexico, all of which is scheduled to be delivered by early 2024.
“Receiving such awards directly from operators in light of the industry’s shift to EPCi contracts further highlights the strategic importance of our commitment to being a provider of choice for different customer segments,” said Charles Njuguna, President and CEO of Koil Energy Solutions, Inc. “We are especially pleased to have the opportunity to provide our premier products and associated services to such valued customers.”
These project awards continue to advance the momentum for Koil Energy in 2023. Most recently, the Company announced that it was selected to perform services for a liquified natural gas (LNG) development in the Gulf of Mexico. Prior to this, Koil Energy also announced that it will be providing critical subsea equipment and services for the Shenandoah project in the same region.