Insider Brief
- Oceaneering International’s Brazilian subsidiary, Marine Production Systems do Brasil LTDA, secured multiple subsea robotics contracts with Petrobras worth approximately $180 million following a competitive tender.
- The four-year contracts, with extension options, cover work class ROV services, tooling packages, and survey operations supporting inspection, maintenance, repair, decommissioning, FPSO hook-ups, mooring inspections, and pile installations across Petrobras’ offshore projects.
- The projects, set to begin between late 2025 and early 2026, strengthen Oceaneering’s nearly three-decade presence in Brazil and reinforce its outlook for resilient offshore energy markets.
PRESS RELEASE-Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA (“MPS”), was awarded multiple Subsea Robotics contracts by Petróleo Brasileiro S.A. (“Petrobras”) during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approximately $180 million.
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 of inspection, maintenance, and repair and decommissioning activities, as well as services related to surface and subsea positioning, FPSO hook-ups, mooring inspections, and pile installations. Each contract has a duration of four years with options to extend. The contracts are expected to commence on various dates in the third and fourth quarters of 2025 and the first quarter of 2026.
Martin McDonald, Senior Vice President of Subsea Robotics, stated, “As a global leader in ROV services, we are excited to further expand our presence in Brazil. These contracts provide visibility into our backlog over the next several years, reinforcing our outlook for resilient offshore energy markets. This visibility also allows us to strategically plan and allocate resources, ensuring safe, consistent, and reliable performance. We are proud to continue our support of Petrobras’ offshore projects and contributions to the development of Brazil’s energy sector.”
Oceaneering has operated continuously in Brazil for almost three decades. Through MPS, Oceaneering operates multiple facilities, including a center for ROV, Survey, Subsea Intervention Tooling, and Engineered Solutions and an Onshore Remote Operations Center in Macaé, and an umbilical manufacturing plant in Niterói.
