KOIL purchased the large-scale carousel in the spring, disassembled it, transported it to the US Gulf Coast, and reassembled it. The team has now completed full system integration testing, confirming the carousel’s readiness for subsea umbilical handling, spooling, and storage operations. During the visit, management also observed the successful startup of KOIL’s existing carousel following its recent increased capacity modification, demonstrating smooth operation and expanded capabilities across the company’s carousel fleet.
The new modular, barge-based carousel is designed for rapid mobilization and redeployment, enabling KOIL to support complex subsea projects in the Gulf of America and internationally on short notice. Together with KOIL’s existing carousel, the asset will provide high-capacity umbilical handling and long-term storage solutions, reinforcing KOIL’s position as a partner of choice for customers seeking flexible, high-reliability subsea infrastructure support.
In a previous release, the Company announced a major subsea umbilical handling, spooling, and storage project that will utilize both the newly acquired mobile carousel and an existing carousel from its fleet. With commissioning now complete and modularization and mobility proven, KOIL’s new carousel is ready for its first project, which is expected to be completed in late September 2026. Following that milestone, KOIL expects to market the asset for additional projects, highlighting its capacity, configuration flexibility, and the scale of the Mobile facility through expanded visual and technical materials.
