Oceaneering Secures $80M-$90M Contract with Esso Exploration Angola for ROV Services and Integrated Solutions

Oceaneering International has secured an $80-$90 million contract with Esso Exploration Angola for offshore operations support. The contract, which starts on July 1, 2025, will last three years and includes ROV services, ROV tooling, and intervention workover control systems. This deal reinforces Oceaneering's presence in Angola's offshore energy sector and highlights the company's reputation as a trusted partner in the region.

Houston, TX – July 2, 2025 – Oceaneering International, Inc. (NYSE: OII) has been awarded a significant contract by Esso Exploration Angola (Block 15) Limited, an affiliate of ExxonMobil. The contract, which commences on July 1, 2025, is expected to generate $80 million to $90 million in revenue over its three-year term. This agreement underscores Oceaneering's robust presence and long-term commitment to Angola's offshore energy industry.

The contract was re-awarded following a competitive bidding process and includes a comprehensive scope of work. Oceaneering will provide multiple work-class remotely operated vehicles (ROVs), ROV tooling, intervention workover control systems (IWOCS), satellite communication systems, and subsea inspection, hydrate remediation, and engineering services. These services will be deployed from Esso-supplied facilities, intervention vessels, and drilling rigs.

Subsea Robotics Senior Vice President Martin McDonald stated, "Securing this contract renewal with Esso, a key customer, through a competitive process reinforces our position as a trusted partner in Angola’s offshore energy sector. This award not only reflects our capabilities in country for subsea robotics and intervention services but also supports our continued growth in a strategically important region."

The contract highlights Oceaneering's technical expertise and integrated service model. The deployment of multiple work-class ROVs signifies Oceaneering's edge in delivering high-precision subsea operations. These ROVs are engineered to operate in the harshest deepwater environments and are supported by a comprehensive suite of modular tooling packages tailored to meet Esso’s operational objectives.

This deal strengthens Oceaneering's position as a leading provider of subsea robotics and integrated offshore solutions in West Africa. The contract's value and scope underscore the company's commitment to the region and its ability to deliver on complex offshore projects.

References:
[1] https://www.businesswire.com/news/home/20250714155940/en/Oceaneering-Awarded-Contract-by-Esso-Exploration-Angola-Block-15-Limited-for-ROV-Services-and-Integrated-Solutions
[2] https://www.nasdaq.com/press-release/oceaneering-awarded-contract-esso-exploration-angola-block-15-limited-rov-services
[3] https://www.offshore-energy.biz/oceaneering-looking-at-up-to-90m-in-revenue-thanks-to-contract-with-exxonmobil/
[4] https://www.nasdaq.com/articles/oceaneering-wins-rov-and-services-contract-esso-angola