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Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that its Offshore Projects Group (OPG) has been awarded a contract by bp Exploration (Caspian Sea) Ltd. for the provision of riserless light well intervention services (RLWI) in the Azeri-Chirag-Deepwater Gunashli (ACG) oilfield of the Caspian Sea.
Oceaneering will support this multi-well mechanical wireline intervention campaign with one of its deepwater RLWI systems integrated onto a customer-provided subsea construction vessel. The scope of work will also include project management, engineering, and systems integration services provided by Oceaneering's local and international personnel. Engineering and premobilization activities have commenced, and field operations are expected to commence in the fourth quarter of 2025.
Chris Dyer, Senior Vice President of OPG, stated, "Oceaneering has successfully provided RLWI solutions to help restore and improve production from existing wells in other deepwater regions of the world. We appreciate bp's continued trust in our ability to safely provide reliable and cost-effective deepwater intervention solutions, particularly in support of the critical production in the Deepwater Gunashli area of the ACG field."
Posted In: OII
