Oceaneering International gains on receiving Subsea Robotics contracts
ReutersAug 28, 2025 12:30 PM
Shares of oilfield services provider Oceaneering International OII.N rise 1.7% to $24.81 premarket
Company says its unit Marine Production Systems do Brasil was awarded multiple Subsea Robotics contracts by Petróleo Brasileiro S.A. PETR3.SA during Q2 2025
OII anticipates aggregate revenue of the contract to be about $180 million.
OII will provide remotely operated vehicle (ROV) services, tooling packages and survey services on Petrobras projects in offshore Brazil
Company expects contracts to commence on various dates in Q3 and Q4 of 2025 and Q1 2026
As of last close, stock down ~6% YTD
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