Offshore Projects Group Secures Vessel Services Agreement in the Gulf of Mexico

Offshore Projects Group (OPG), a division of Oceaneering, has recently announced a significant milestone in its operations with the securing of a vessel services agreement with an undisclosed operator for the utilization of a multi-purpose supply vessel (MPSV) in the Gulf of Mexico.

The agreement will see the deployment of the 2013-built MPSV Harvey Deep Sea, currently chartered by Oceaneering until February 2027. Equipped with two Oceaneering Millennium work-class remotely operated vehicles (ROVs), the vessel is well-prepared for subsea inspection, maintenance, and repair (IMR) as well as installation services in the Gulf of Mexico.

Chris Dyer, Senior Vice President of OPG, expressed his enthusiasm for the opportunity, stating, “This award not only secures vessel backlog in the region but also allows us to optimize our equipment spreads and reduce scheduling uncertainty. We look forward to delivering critical subsea IMR and installation services to create value for our customer and further demonstrate our commitment to project execution that delivers safe, efficient, and high-quality results.”

This contract comes on the heels of Oceaneering’s recent success in winning a long-term subsea project with BP’s gas field off the coast of Mauritania and Senegal. The company, which reported a 13% increase in annual revenue with $675 million in Q1 2025, has also revealed a Chief Financial Officer (CFO) succession plan to replace its current CFO.