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KOIL Energy Solutions, Inc. (KLNG) secures a significant contract for a Subsea Safety Control System from a major international energy company, showcasing their expertise in subsea equipment and services. The multi-million-dollar contract includes engineering, procurement, manufacturing, installation, and testing of KOIL's technical solution. CEO Erik Wiik highlights the team's success in developing integrated solutions, expressing excitement to enhance the safety of the client's offshore facility.
KOIL Energy Solutions, Inc. (KLNG) ha ottenuto un importante contratto per un Sistema di Controllo di Sicurezza Subacqueo da una grande azienda energetica internazionale, dimostrando così la loro competenza in attrezzature e servizi subacquei. Il contratto, del valore di milioni di dollari, include l'ingegneria, l'approvvigionamento, la produzione, l'installazione e la verifica della soluzione tecnica di KOIL. Il CEO Erik Wiik sottolinea il successo del team nello sviluppo di soluzioni integrate, esprimendo entusiasmo per migliorare la sicurezza delle strutture offshore del cliente.
KOIL Energy Solutions, Inc. (KLNG) aseguró un contrato significativo para un Sistema de Control de Seguridad Submarina de una importante compañía energética internacional, demostrando su pericia en equipos y servicios submarinos. El contrato de varios millones de dólares incluye la ingeniería, adquisición, fabricación, instalación y prueba de la solución técnica de KOIL. El CEO Erik Wiik destaca el éxito del equipo en el desarrollo de soluciones integradas, expresando su entusiasmo por mejorar la seguridad de la instalación offshore del cliente.
KOIL Energy Solutions, Inc. (KLNG)는 주요 국제 에너지 회사로부터 해저 안전 제어 시스템에 대한 중요한 계약을 확보하며, 해저 장비 및 서비스 분야에서의 전문성을 선보였습니다. 수백만 달러 규모의 이 계약은 KOIL의 기술 해결책의 엔지니어링, 조달, 제조, 설치 및 테스트를 포함합니다. CEO Erik Wiik은 팀이 통합 솔루션을 개발하는 데 있어 성공을 강조하며, 클라이언트의 해상 시설의 안전성을 향상시킬 수 있게 되어 기쁘다고 표현했습니다.
KOIL Energy Solutions, Inc. (KLNG) a sécurisé un contrat important pour un Système de Contrôle de Sécurité Sous-Marine auprès d'une grande compagnie énergétique internationale, démontrant ainsi leur expertise dans l'équipement et les services sous-marins. Le contrat, de plusieurs millions de dollars, comprend l'ingénierie, l'approvisionnement, la fabrication, l'installation et le test de la solution technique de KOIL. Le PDG Erik Wiik met en avant le succès de l'équipe dans le développement de solutions intégrées, exprimant son enthousiasme à améliorer la sécurité des installations offshore du client.
KOIL Energy Solutions, Inc. (KLNG) hat einen bedeutenden Vertrag für ein Unterwasser-Sicherheitskontrollsystem von einem großen internationalen Energieunternehmen gesichert, was ihre Fachkompetenz in Unterwasserausrüstung und -dienstleistungen unter Beweis stellt. Der Vertrag in Millionenhöhe umfasst Engineering, Beschaffung, Herstellung, Installation und Prüfung der technischen Lösung von KOIL. CEO Erik Wiik hebt den Erfolg des Teams bei der Entwicklung integrierter Lösungen hervor und äußert seine Begeisterung dafür, die Sicherheit der Offshore-Anlage des Kunden zu verbessern.
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HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract for a Subsea Safety Control System from a major international energy company.
The multi-million-dollar contract encompasses the engineering, procurement, manufacturing, installation and testing of KOIL’s robust and well proven technical solution for Subsea Safety Control Systems.
Erik Wiik, the CEO of KOIL Energy, said: “This contract stands as a testament to our team’s achievements in developing integrated solutions. We are thrilled to have earned the trust of our customer, allowing us to undertake this project that will enhance the safety of their offshore facility.”
KOIL Energy will perform engineering and procurement activities during 2024 followed by manufacturing at its state-of-the-art production facility in Houston, Texas during 2025. Installation and testing will be carried out at the client’s dedicated integration site.
About KOIL Energy
KOIL Energy is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. The Houston-based company founded in 1997 and formerly known as Deep Down, Inc. is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Energizing the Future. Koil Energy’s highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit www.koilenergy.com to learn more.
Forward-Looking Statements Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
What contract did KOIL Energy Solutions, Inc. (KLNG) secure?
KOIL Energy Solutions, Inc. (KLNG) secured a significant contract for a Subsea Safety Control System from a major international energy company.
What does the contract with the major international energy company entail?
The contract includes engineering, procurement, manufacturing, installation, and testing of KOIL's robust technical solution for Subsea Safety Control Systems.
Where will the manufacturing of the Subsea Safety Control System take place?
Manufacturing of the system will occur at KOIL Energy's state-of-the-art production facility in Houston, Texas during 2025.
Who expressed excitement about the contract and highlighted the team's achievements?
CEO Erik Wiik of KOIL Energy expressed excitement about the contract and highlighted the team's achievements in developing integrated solutions.
