Oceaneering secures five-year digital inspection deal in Qatar

Oceaneering International has won a five-year contract to provide inspection and asset integrity services in Qatar. The deal was awarded following a competitive tender by a Qatar-based oil company to Oceaneering’s Integrity Management and Digital Solutions (IMDS) segment. It includes two optional one-year extensions, potentially extending the agreement to seven years.

The company will deliver non-destructive testing and value engineering using its local workforce. The contract relies on Oceaneering’s Inform digital inspection software, with the scope potentially including its Vision data visualization platform.

For investors, the deal highlights the oil and gas sector's ongoing shift toward digital maintenance solutions. Aging offshore infrastructure requires rigorous monitoring to prevent costly downtime. By bundling traditional testing with proprietary software like Inform, Oceaneering is transitioning to higher-margin, technology-driven contracts. Securing a five-year term with extension options provides the company with a highly visible revenue stream.

“This award underscores our ability to deliver reliable, digitally enabled integrity solutions that enhance production reliability and asset uptime while supporting regulatory compliance,” said Leo Granato, Senior Vice President of IMDS. “Our established team in Qatar enables safe and consistent execution of our innovative solutions, while deepening the development of local talent.”

The award builds on Oceaneering’s 20-year operational history in Qatar, demonstrating client retention in a market where national oil companies heavily favor established incumbents. This long-standing presence allows the contractor to leverage an existing local workforce, mitigating the logistical costs and risks associated with international deployments.

This Qatar contract aligns with a recent uptick in Oceaneering’s global backlog. Earlier this month, the company expanded its collaboration with Brazilian state-owned energy giant Petrobras through a separate four-year agreement for remotely operated vehicle services. The Middle Eastern and Latin American wins suggest that major oil companies are maintaining spending on subsea inspection.