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OCEANEERING WINS NEW CONTRACT
www.oceaneering.com
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Quote
OCEANEERING WINS NEW CONTRACT WITH PETROBRÁS AND PROVIDES GROWTH FOR THE NEXT FIVE YEARS IN BRAZIL

The mobilization deadline will be up to 14 months and Oceaneering must make an investment of about $ 45 million during the execution of the contract. In addition, Nogueira reveals that the company must make at least 60 direct signings to meet the demand of the new service. \"All the divisions that we have in Brazil are working on some contract or competition. We believe the next five years of Oceaneering in Brazil will be growth\", he added.

Oceaneering is very competent for this type of job in the Gulf of Mexico, the North Sea, Africa and other parts of the world. We have a great expertise in the part of the control system, which we call the Intervention Workover Control System (IWOCS). Here in Brazil, the Petrobras plays a part of IWOCS inside the DPR, making a complete package. This experience at IWOCS also made us a successful player for the market says Daniel Nogueira, manager of the company''s Service, Technology and Rental unit.

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