Oceaneering Secures $180 Million in Subsea Robotics Contracts with Petrobras

Oceaneering International has secured $180 million in subsea robotics contracts with Petrobras. The contracts, awarded to Marine Production Systems do Brasil LTDA, cover ROV services and specialized tooling packages, and will span four years starting in late 2025 and early 2026. The contracts bolster Oceaneering's backlog and support resilience in offshore energy markets.

Oceaneering International (NYSE: OII) has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA, has been awarded multiple Subsea Robotics contracts by Petróleo Brasileiro S.A. (Petrobras) during the second quarter of 2025. The total anticipated revenue from these contracts is approximately $180 million.

The contracts, which span a duration of four years with options to extend, will commence in various quarters of 2025 and 2026. Oceaneering will provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil. The scopes of work include ROV support for inspection, maintenance, repair, and decommissioning activities, as well as services related to surface and subsea positioning, FPSO hook-ups, mooring inspections, and pile installations.

Martin McDonald, Senior Vice President of Subsea Robotics at Oceaneering, expressed excitement about the expansion of the company's presence in Brazil. He noted that these contracts provide visibility into the company's backlog over the next several years, reinforcing its outlook for resilient offshore energy markets. The contracts also allow Oceaneering to strategically plan and allocate resources, ensuring safe, consistent, and reliable performance.

Oceaneering has been operating continuously in Brazil for almost three decades. Through Marine Production Systems, the company operates multiple facilities, including a center for ROV, Survey, Subsea Intervention Tooling, and Engineered Solutions in Macaé, and an umbilical manufacturing plant in Niterói.

The forward-looking statements in the press release include statements concerning Oceaneering’s anticipated revenue, work scopes, contract commencement periods, and contract duration. These statements are based on current information and expectations of the company and involve a number of risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual outcomes could vary materially from those indicated.

Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, and manufacturing industries.

References:
[1] https://seekingalpha.com/news/4490022-oceaneering-announces-180m-of-subsea-robotics-contracts-with-petrobras
[2] https://www.businesswire.com/news/home/20250828224867/en/Oceaneering-Announces-%24180-Million-of-Subsea-Robotics-Contracts-with-Petrobras