Oil & Gas News

KOIL Energy Secures Significant Contract to Provide Innovative Subsea Equipment

KOIL Energy Solutions, Inc., an international specialist in subsea equipment and services, announces the award of a significant contract for delivering Bend Stiffener Latchers (BSL®) to an operator in a new region.

Erik Wiik, the CEO of KOIL, said, "This award is a recognition of our team's endeavors in continuously developing our products enabling growth in new markets and underscoring KOIL's strong technology position in the global subsea industry. Our proprietary solution is designed to secure a subsea umbilical to a topside facility without the need for divers. The locking mechanism of the BSL allows a single remote operated vehicle to engage or disengage the locking mechanism resulting in substantial savings and improved safety for the operator."

2 Subsea

(Image credit: KOIL Energy)

Engineering, procurement, manufacturing, and testing of the BSL units will take place at KOIL's facility in Houston, TX, and the project is projected to be completed in the second quarter of 2025.

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