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Oceaneering International Inc. secured a contract from Petroleo Brasileiro S.A. (Petrobras) to supply approximately 125 miles (200 km) of thermoplastic production control umbilicals for field development projects offshore Brazil in the Santos Basin.
This contract has added over $120 million to its subsea products backlog.
The umbilicals are for the Lula and Sapinhoa field developments.
Product manufacturing is planned to take place in Oceaneering's plant in Niteroi, Brazil, and is expected to commence in third quarter 2012 and be completed in third quarter 2015.