Oceaneering bags five-year asset integrity deal

AI Summary

Oceaneering International, based in Houston, secured a five-year contract to provide inspection and asset integrity services to a Qatar-based oil company. The agreement is from their integrity management and digital solutions segment and includes two possible one-year extensions, promising meaningful revenue.

Houston-based Oceaneering International has been awarded a five‑year inspection and asset integrity services contract by an unnamed Qatar-based oil company. The deal was won by the company’s integrity management and digital solutions (IMDS) segment. The contract, which includes two optional one-year extensions, is expected to contribute meaningful revenue over its initial term. Under this agreement, …