KOIL Energy Secures Significant Contract for Advanced Maintenance Services
KOIL Energy Solutions, Inc. (OTCQB: KLNG), a global leader in subsea equipment and services, has secured a significant contract for maintenance services on an offshore production platform for an international oil and gas company. The scope includes:
- Removal, welding, termination, and commissioning of specialty alloy tubing
- Termination and testing of electrical cables
- Supply of Topside Umbilical Termination Assembly and subsea commissioning Logic Caps
This contract highlights KOIL's expertise in managing critical repairs in confined spaces. Planning, engineering, and procurement activities have begun at KOIL's Houston facility, with offshore work expected to be completed in Q1 2025.
KOIL Energy Solutions, Inc. (OTCQB: KLNG), un leader globale nelle attrezzature e servizi sottomarini, ha ottenuto un contratto significativo per servizi di manutenzione su una piattaforma di produzione offshore per una compagnia internazionale di petrolio e gas. L'ambito del contratto include:
- Rimozione, saldatura, terminazione e messa in servizio di tubazioni in leghe speciali
- Terminazione e test di cavi elettrici
- Fornitura dell'Assemblea di Terminazione Umbilicale Superiori e Cappucci Logici per la messa in servizio sottomarina
Questo contratto evidenzia l'expertise di KOIL nella gestione di riparazioni critiche in spazi ristretti. Le attività di pianificazione, ingegneria e approvvigionamento sono già iniziate presso la sede di KOIL a Houston, con i lavori offshore previsti per essere completati nel primo trimestre del 2025.
KOIL Energy Solutions, Inc. (OTCQB: KLNG), un líder mundial en equipos y servicios submarinos, ha asegurado un contrato significativo para servicios de mantenimiento en una plataforma de producción en alta mar para una compañía internacional de petróleo y gas. El alcance incluye:
- Remoción, soldadura, terminación y puesta en marcha de tuberías de aleación especial
- Término y prueba de cables eléctricos
- Suministro del Conjunto de Terminación Umbilical Superior y Caps Lógicos para la puesta en marcha submarina
Este contrato destaca la experiencia de KOIL en la gestión de reparaciones críticas en espacios confinados. Las actividades de planificación, ingeniería y adquisiciones ya han comenzado en la instalación de KOIL en Houston, con trabajos en alta mar que se esperan completar en el primer trimestre de 2025.
KOIL 에너지 솔루션스, Inc. (OTCQB: KLNG)는 해양 장비 및 서비스의 글로벌 리더로서 국제 석유 및 가스 회사의 해양 생산 플랫폼에 대한 유지 보수 서비스 계약을 체결했습니다. 계약 범위는 다음과 같습니다:
- 특수 합금 튜빙의 제거, 용접, 종료 및 커미셔닝
- 전기 케이블의 종료 및 테스트
- 상부 유비쿼터스 종료 조립체 및 해저 커미셔닝 로직 캡 공급
이번 계약은 제한된 공간에서의 중요한 수리 관리를 위한 KOIL의 전문성을 강조합니다. KOIL의 휴스턴 시설에서 계획, 엔지니어링 및 조달 활동이 시작되었으며, 해양 작업은 2025년 1분기까지 완료될 예정입니다.
KOIL Energy Solutions, Inc. (OTCQB: KLNG), un leader mondial dans les équipements et services sous-marins, a obtenu un contrat significatif pour des services de maintenance sur une plateforme de production offshore pour une société internationale de pétrole et de gaz. Le périmètre inclut :
- Retrait, soudage, terminaison et mise en service de tubes en alliage spécialisé
- Termination et test des câbles électriques
- Fourniture d'un ensemble de terminaison umbilicale supérieure et de bouchons logiques pour la mise en service sous-marine
Ce contrat met en avant l'expertise de KOIL dans la gestion des réparations critiques dans des espaces confus. Les activités de planification, d'ingénierie et d'approvisionnement ont déjà commencé dans les installations de KOIL à Houston, avec des travaux offshore devant être achevés au premier trimestre 2025.
KOIL Energy Solutions, Inc. (OTCQB: KLNG), ein globaler Marktführer im Bereich Unterwasser-Ausrüstungen und -dienstleistungen, hat einen bedeutenden Vertrag über Wartungsdienste für eine Offshore-Produktionsplattform für ein internationales Öl- und Gasunternehmen gesichert. Der Umfang umfasst:
- Entfernung, Schweißen, Abtermination und Inbetriebnahme von Speziallegierungsrohren
- Abtermination und Prüfung von elektrischen Kabeln
- Lieferung von Oberflächen-Umbilikalterminierungsbaugruppen und Unterwasser-Inbetriebnahme-Logik-Kappen
Dieser Vertrag hebt KOILs Fachwissen im Management kritischer Reparaturen in engen Räumen hervor. Planungs-, Ingenieur- und Beschaffungsaktivitäten haben bereits in der KOIL-Niederlassung in Houston begonnen, wobei die Offshore-Arbeiten voraussichtlich im ersten Quartal 2025 abgeschlossen sind.
- Secured significant maintenance contract with international oil and gas company
- Demonstrates expertise in critical subsea repairs and umbilical re-termination projects
- Expanding service offerings in offshore maintenance and subsea equipment
- None.
HOUSTON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a global leader in subsea equipment and services, has secured a significant contract to provide maintenance services on an offshore production platform for an international oil and gas company.
The scope of work includes the removal, welding, termination, and commissioning of specialty alloy tubing used for chemical injection and hydraulic control, as well as the termination and testing of electrical cables. Additionally, the contract involves supplying a Topside Umbilical Termination Assembly and subsea commissioning Logic Caps. KOIL has been awarded an increasing number of subsea umbilical re-termination projects, demonstrating the company's expertise in managing critical repairs in confined spaces. This expertise includes identifying and mitigating risks and hazards before work begins, ensuring a swift, controlled, and safe start-up to resume well production.
Planning, engineering, and procurement activities have already commenced at KOIL's facility in Houston, TX, with the offshore maintenance work projected to be completed in the first quarter of 2025.
About KOIL
KOIL is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. The Houston-based company was founded in 1997 and 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’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.
Investor Relations Contact:
Trevor Ashurst
VP of Finance
tashurst@koilenergy.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65b237cc-cae6-42b9-9125-7a16afb6d477
FAQ
What is the new contract KOIL Energy (KLNG) secured in October 2024?
When is KOIL Energy (KLNG) expected to complete the offshore maintenance work for the new contract?
What specific services will KOIL Energy (KLNG) provide under the new maintenance contract?
Where is KOIL Energy (KLNG) conducting the planning and engineering activities for the new contract?
