KOIL Energy announces award of a significant contract
KOIL Energy Solutions (OTCQB: KLNG) has secured a significant contract for subsea control equipment. The project involves engineering, procurement, and manufacturing of Subsea Safety Control Systems designed to protect offshore platforms and personnel from hydrocarbon releases.
The company will conduct engineering and procurement activities throughout 2025, with manufacturing scheduled for the first half of 2026 at their Houston facility. A separate services contract for installation and testing will be awarded at a later date.
KOIL Energy Solutions (OTCQB: KLNG) ha ottenuto un importante contratto per apparecchiature di controllo sottomarino. Il progetto comprende ingegneria, approvvigionamento e produzione di Sistemi di Controllo di Sicurezza Subsea progettati per proteggere le piattaforme offshore e il personale da fuoriuscite di idrocarburi.
L'azienda svolger脿 attivit脿 di ingegneria e approvvigionamento per tutto il 2025, con la produzione prevista nella prima met脿 del 2026 presso il suo stabilimento di Houston. Un contratto separato per servizi di installazione e collaudo verr脿 assegnato in seguito.
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La compa帽铆a realizar谩 labores de ingenier铆a y aprovisionamiento durante 2025, con la fabricaci贸n programada para la primera mitad de 2026 en su planta de Houston. Un contrato aparte de servicios para la instalaci贸n y las pruebas se adjudicar谩 m谩s adelante.
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KOIL Energy Solutions (OTCQB: KLNG) a d茅croch茅 un contrat important pour des 茅quipements de contr么le sous-marin. Le projet couvre l'ing茅nierie, l'approvisionnement et la fabrication de syst猫mes de contr么le de s茅curit茅 sous-marins destin茅s 脿 prot茅ger les plateformes offshore et le personnel contre les fuites d'hydrocarbures.
L'entreprise effectuera les activit茅s d'ing茅nierie et d'approvisionnement tout au long de 2025, la fabrication 茅tant pr茅vue au premier semestre 2026 dans son site de Houston. Un contrat distinct pour les travaux d'installation et d'essais sera attribu茅 ult茅rieurement.
KOIL Energy Solutions (OTCQB: KLNG) hat einen bedeutenden Auftrag f眉r Unterwasser-Steuerungsausr眉stung gewonnen. Das Projekt umfasst Engineering, Beschaffung und Fertigung von Subsea-Sicherheitssteuersystemen, die Offshore-Anlagen und Personal vor Hydrokarbonlecks sch眉tzen sollen.
Das Unternehmen wird 2025 Engineering- und Beschaffungsarbeiten durchf眉hren; die Fertigung ist f眉r das erste Halbjahr 2026 in der Houston-Anlage geplant. Ein gesonderter Dienstleistungsvertrag f眉r Installation und Tests wird zu einem sp盲teren Zeitpunkt vergeben.
- Contract win demonstrates market trust in KOIL's subsea safety solutions
- Project pipeline extends into 2026 providing revenue visibility
- Potential for additional revenue through future installation and testing contract
- Contract value not disclosed
- Final installation and testing contract not yet secured
HOUSTON, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Koil Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announces the award of a significant contract, which includes control equipment for a subsea isolation valve system. The purpose of the system is to protect the offshore platform and its personnel from the unintended release of hydrocarbons from subsea wells. The contract encompasses the engineering, procurement, and manufacturing of KOIL's robust and well-proven technical solution for Subsea Safety Control Systems.
"This contract highlights our team's achievement in creating integrated solutions," said Erik Wiik, CEO of KOIL Energy. "We are honored to have earned our customers鈥� trust to deliver equipment that will play a vital role in enhancing the safety of their offshore facility."
KOIL Energy will perform engineering and procurement activities during 2025 followed by manufacturing at its state-of-the-art production facility in Houston, Texas in the first half of 2026. A services contract for the installation and testing will be awarded later.
About KOIL聽()
KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. We provide innovative solutions to complex customer challenges presented between the production facility and the energy source. Our core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, KOIL Energy's experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world.
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