Oceaneering International, Inc. (NYSE: OII) has announced that it has secured a contract from Saipem to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development located offshore Egypt.
The order consists of ten subsea production control umbilicals totaling approximately 84 kilometers (52.2 miles) in length and two electrical power cables totaling approximately 55 kilometers (34.2 miles) in length. Product manufacturing is planned to be performed at Oceaneering's facility in Rosyth, Scotland and is expected to commence in the second quarter of 2013 and be completed in the third quarter 2014.
.