05:42 PM EDT, 06/20/2024 (MT Newswires) -- Oceaneering International ( OII ) said late Thursday its Manufactured Products segment secured an umbilical contract worth about $50 million in revenue, with an unnamed domestic independent energy company.

Oceaneering ( OII ) will supply about 27-kilometer of electro-hydraulic, steel tube dynamic umbilical for a project in the Gulf of Mexico.

Manufacturing is expected to start in Panama City, Florida, in 2025, with delivery expected by Q2 of 2026, the company said.

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