09:13 AM EDT, 06/10/2024 (MT Newswires) -- Oceaneering International ( OII ) said Monday its Manufactured Products segment won two contracts with Petroleo Brasileiro SA (PBR) through a competitive bidding process.

Aggregate net revenue from the projects is expected to be from $120 million to $183 million, Oceaneering ( OII ) said.

Oceaneering ( OII ) said it is contracted to supply approximately 225 miles of steel and thermoplastic tubes, as well as related subsea distribution hardware for offshore projects in Brazil. Final delivery for the products is expected in Q4 of 2027.

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