KOIL Energy Secures Major Contract to Enhance Subsea Safety

Author: Owen Jenkins Updated: 08-29-2025 12:45 PM

KOIL Energy's Major Contract Award Announcement

KOIL Energy Solutions, Inc. (OTCQB: KLNG) has recently announced a significant achievement in its operations. The company, recognized globally for its expertise in subsea equipment and services, has secured an important contract that involves the provision of control equipment for a subsea isolation valve system. This innovative system is designed to enhance safety by protecting offshore platforms and personnel from the potential risks associated with unintended hydrocarbon releases from subsea wells.

Strategic Importance of the Contract

The awarded contract underlines KOIL Energy’s capacity for engineering excellence. Erik Wiik, the CEO of KOIL Energy, highlighted this achievement by stating, "This contract highlights our team's achievement in creating integrated solutions." The trust and confidence placed by their customers in the company’s capabilities serve as a testament to KOIL’s commitment to safety and innovation.

Engineering and Procurement Timeline

In terms of execution, KOIL Energy plans to engage in engineering and procurement activities throughout the current year. Following this phase, manufacturing of the subsea control systems will take place at the company’s advanced production facility in Houston, Texas, during the first half of the following year. Additionally, a services contract will be secured later specifically for the installation and testing processes.

About KOIL Energy Solutions

KOIL Energy stands as a prominent leader in the energy services sector, offering a wide array of subsea equipment and support services tailored for the global energy and offshore industries. This company is proficient in addressing complex challenges that arise during the integration of production facilities and energy sources. Their core competencies encompass installation support for distribution systems, umbilical terminations, the provision of loose-tube steel flying leads, and a host of related services.

Global Reach and Expertise

KOIL Energy’s team comprises highly experienced professionals adept at supporting various subsea engineering initiatives. Their expertise extends to manufacturing, installation, commissioning, and maintenance projects across the world. This extensive capability allows the company to effectively serve customers everywhere, providing innovative solutions that enhance operational excellence.

Investor Relations Contact

For inquiries related to investor relations, KOIL Energy encourages contacting them through email at ir@koilenergy.com or by calling 281-862-2201.

Frequently Asked Questions

What is the recent contract awarded to KOIL Energy for?

The contract involves providing control equipment for a subsea isolation valve system to enhance offshore safety.

Who is the CEO of KOIL Energy?

The CEO of KOIL Energy is Erik Wiik, who emphasizes the importance of integrated solutions in enhancing safety.

Where will the manufacturing take place?

The manufacturing of the subsea control systems will occur at KOIL Energy's production facility in Houston, Texas.

What services will KOIL Energy provide under this contract?

KOIL Energy will handle engineering, procurement, and eventually installation and testing of the subsea systems.

How can investors contact KOIL Energy?

Investors can reach out via email at ir@koilenergy.com or by calling the dedicated contact number 281-862-2201.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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