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.
KOIL Energy will perform engineering and procurement activities during 2024 followed by manufacturing at its state-of-the-art production facility in
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
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
Investor Relations Contact:
VP of Finance
tashurst@koilenergy.com
Source:
2024 GlobeNewswire, Inc., source