KOIL Energy Awarded Significant Contract to Deliver Subsea Distribution Equipment for US Project

Rhea-AI Summary

KOIL Energy Solutions (OTCQB: KLNG) was awarded a contract to supply six Steel Tube Flying Leads (Subsea Umbilical) and associated subsea distribution equipment for a Gulf of America project announced Oct 8, 2025.

The package supports tie‑ins of additional wells to existing infrastructure for a field operated by an international operator and is contracted through a Houston‑based subsea engineering contractor. Scope includes engineering, procurement, fabrication, assembly, and testing at KOIL's Houston manufacturing facility. Final delivery is scheduled for the 2nd quarter of next year, with installation services to be awarded later.

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HOUSTON, Oct. 08, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply six Steel Tube Flying Leads (Subsea Umbilical) and associated equipment for a project in the Gulf of America. This award encompasses equipment designed to control the subsea field operated by an International Operator.

KOIL Energy Steel Tube Flying Leads

The Subsea Distribution System will tie in additional wells to the existing infrastructure. KOIL’s customer is a Houston-based subsea engineering contractor.

KOIL is publicly recognized for providing competitive, high-performance subsea systems globally. By leveraging practical design solutions and a vertically integrated supply chain, the company consistently delivers reliable and efficient subsea products with exceptionally competitive delivery times. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing. The project will be carried out at KOIL's state-of-the-art manufacturing facility in Houston, Texas. Final delivery is scheduled for the 2^nd quarter of next year. Installation services will be awarded later.

About KOIL

KOIL Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. Founded in 1997, the Houston-based company is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Building the Future of Energy. KOIL Energy's highly experienced team can support subsea projects located anywhere in the world. Visit www.koilenergy.com to learn more.

Investor Relations Contact:
ir@koilenergy.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/622d15c8-a30f-4896-bfb0-f3f315c63cd1

FAQ

What did KOIL Energy (KLNG) announce on October 8, 2025?

KOIL announced a contract to supply six Steel Tube Flying Leads and related subsea distribution equipment for a Gulf of America project.

When is KOIL's delivery for the subsea equipment scheduled for KLNG's announced contract?

Final delivery is scheduled for the 2nd quarter of next year.

Where will KOIL manufacture the subsea distribution equipment for KLNG's contract?

The work will be carried out at KOIL's state‑of‑the‑art manufacturing facility in Houston, Texas.

Who is KOIL's customer for the KLNG subsea contract and who operates the field?

The customer is a Houston‑based subsea engineering contractor and the subsea field is operated by an international operator.

What scope of work does KOIL's KLNG contract include?

The scope includes engineering, procurement, fabrication, assembly, and testing of the subsea distribution system.

Does KOIL's KLNG announcement include installation services for the subsea equipment?

Installation services are not included now; they are expected to be awarded at a later date.