The first contract includes a combination of basic and heavy inspection, maintenance, and repair (IMR) services. This encompasses vessel-based inspections, maintenance of smaller equipment, and the replacement of jumpers, according to the New York-listed company. The contract also covers intervention services and installation work, scheduled for the second half of 2024.

Oman's Asyad Shipping Poised for VLCC Newbuild Orders at Hanwha Ocean Oman's Asyad Shipping Poised for VLCC Newbuild Orders at Hanwha Ocean

The second contract involves similar IMR and installation tasks for an undisclosed global energy company.

Both contracts span a total of 180 days and include options for additional work.

Additionally, Oceaneering has obtained two separate contracts covering installation, IMR, and intervention work.

The financial terms of these deals have not been disclosed.

Roderick Larson, president and CEO of Oceaneering, commented: “Our vessel bookings have increased year over year, confirming the growing demand for our services. These four contracts are crucial for enhancing our fleet utilization, particularly for our mid-size and larger vessels.”