KOIL Energy Secures Significant Contract to Deliver Subsea Distribution Manifolds for West Africa Project
KOIL Energy Solutions (OTCQB: KLNG) has secured a significant contract from a major international oil and gas company to supply Electrical and Hydraulic Distribution Manifolds for a West African project. The scope includes engineering, procurement, fabrication, assembly, and testing of manifolds that will distribute electrical and hydraulic power to regulate oil and gas flow through existing subsea infrastructure.
The project will be executed at KOIL's Houston facility, with final delivery scheduled for the second half of 2025. The company's in-house capabilities, from carbon steel fabrication to specialty alloy tube welding, ensure quality control throughout the manufacturing process.
KOIL Energy Solutions (OTCQB: KLNG) ha ottenuto un contratto significativo da una grande compagnia internazionale del settore petrolifero e del gas per fornire Manifolds di Distribuzione Elettrica e Idrica per un progetto in Africa occidentale. L'ambito comprende ingegneria, approvvigionamento, produzione, assemblaggio e collaudo dei manifolds che distribuiscono energia elettrica e idraulica per regolare il flusso di petrolio e gas attraverso l'infrastruttura sottomarina esistente.
Il progetto sarà realizzato presso lo stabilimento di KOIL a Houston, con consegna finale prevista per la seconda metà del 2025. Le capacità interne dell'azienda, dalla fabbricazione dell'acciaio al carbonio alla saldatura di tubi in leghe speciali, garantiscono un controllo di qualità durante tutto il processo produttivo.
KOIL Energy Solutions (OTCQB: KLNG) ha asegurado un contrato significativo de una importante compañía internacional de petróleo y gas para suministrar Manifolds de Distribución Eléctrica e Hidráulica para un proyecto en África Occidental. El alcance incluye ingeniería, adquisición, fabricación, montaje y prueba de los manifolds que distribuirán energía eléctrica e hidráulica para regular el flujo de petróleo y gas a través de la infraestructura submarina existente.
El proyecto se llevará a cabo en la instalación de KOIL en Houston, con entrega final programada para la segunda mitad de 2025. Las capacidades internas de la compañía, desde la fabricación de acero al carbono hasta la soldadura de tubos de aleación especial, aseguran el control de calidad a lo largo de todo el proceso de fabricación.
KOIL Energy Solutions (OTCQB: KLNG)는 서아프리카 프로젝트를 위해 주요 국제 석유 및 가스 회사로부터 전기 및 유압 배급 매니폴드를 공급하는 중요한 계약을 체결했습니다. 이 범위에는 매니폴드의 엔지니어링, 조달, 제작, 조립 및 테스트가 포함되어 있으며, 이는 기존 해저 인프라를 통해 석유 및 가스 흐름을 조절하기 위한 전기 및 유압 에너지를 분배합니다.
이 프로젝트는 KOIL의 휴스턴 시설에서 수행되며, 최종 배송은 2025년 하반기로 예정되어 있습니다. 탄소강 제작부터 특수 합금 튜브 용접까지 회사의 내부 능력은 제조 과정 전반에 걸쳐 품질 관리를 보장합니다.
KOIL Energy Solutions (OTCQB: KLNG) a obtenu un contrat significatif d'une grande entreprise internationale de pétrole et de gaz pour fournir des manifolds de distribution électrique et hydraulique pour un projet en Afrique de l'Ouest. Le cahier des charges comprend l'ingénierie, l'approvisionnement, la fabrication, l'assemblage et le test des manifolds qui distribueront l'énergie électrique et hydraulique pour réguler le flux de pétrole et de gaz à travers l'infrastructure sous-marine existante.
Le projet sera réalisé dans l'installation de KOIL à Houston, avec une livraison finale prévue pour la deuxième moitié de 2025. Les capacités internes de l'entreprise, de la fabrication d'acier au carbone à la soudure de tubes en alliage spécial, garantissent un contrôle de qualité tout au long du processus de fabrication.
KOIL Energy Solutions (OTCQB: KLNG) hat einen bedeutenden Vertrag von einem großen internationalen Öl- und Gasunternehmen zur Lieferung von elektrischen und hydraulischen Verteilungsmanifolds für ein Projekt in Westafrika gesichert. Der Umfang umfasst Engineering, Beschaffung, Herstellung, Montage und Prüfung der Manifolds, die elektrische und hydraulische Energie verteilen, um den Öl- und Gasfluss durch die bestehende Unterwasserinfrastruktur zu regulieren.
Das Projekt wird in KOILs Einrichtung in Houston durchgeführt, mit einer Endlieferung, die für die zweite Hälfte von 2025 geplant ist. Die internen Kapazitäten des Unternehmens, von der Herstellung von Kohlenstoffstahl bis hin zum Schweißen von Speziallegierungstuben, gewährleisten die Qualitätskontrolle während des gesamten Produktionsprozesses.
- Secured major contract from international oil and gas company
- Project leverages core technological expertise in subsea sector
- Utilizes existing in-house manufacturing capabilities
- Long delivery timeline extending to second half of 2025
- Project concentration risk in single geographic region
HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Electrical and Hydraulic Distribution Manifolds for a project in West Africa. This award, from a prominent international oil and gas company, highlights KOIL's core technological expertise and solidifies its position as a trusted partner in the subsea sector.
The manifolds will play a critical role in distributing electrical and hydraulic power to regulate the flow of oil and gas through existing subsea infrastructure. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing of the manifolds and related equipment.
KOIL is renowned for delivering competitive, high-performance subsea distribution systems worldwide. By leveraging years of industry experience and applying practical design solutions, the company offers reliable and efficient subsea products. KOIL’s in-house capabilities—ranging from carbon steel fabrication to specialty alloy tube welding—ensure precise control over the manufacturing process, ensuring the highest standards of quality.
The project will be carried out at KOIL's facility in Houston, Texas, with final delivery estimated for the second half of 2025. The manifolds will be shipped to the West African site once production is complete.
About KOIL
KOIL is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. Founded in 1997, the Houston-based company 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.
Investor Relations Contact:
Trevor Ashurst
VP of Finance
ir@koilenergy.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/71063321-0276-4b69-bf73-21634da86eda
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