KOIL Energy Awarded Significant Fabrication Contract

Rhea-AI Summary

KOIL Energy Solutions (OTCQB: KLNG) announced a significant manufacturing contract with an international offshore installation company to provide engineering, procurement, and fabrication of major steel components.

The work supports modification of a vessel-mounted installation carousel to meet project specifications for subsea deployment of a flexible product in South America. Work will be executed at KOIL’s Houston manufacturing facility, additional contractor personnel have been mobilized, and work is scheduled for the first quarter of 2026.

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HOUSTON, Jan. 06, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), an international specialist in subsea equipment and services, today announced a significant manufacturing contract with an international offshore installation company. The scope of work includes engineering, procurement, and fabrication of major steel components to support the modification of a large vessel mounted installation carousel. The enhancements allow for the client-owned carousel to meet project specifications for the subsea deployment of a flexible product in South America.

KOIL is publicly recognized as an expert in providing equipment and services for subsea installation systems.

The project will be executed at KOIL’s state-of-the-art manufacturing facility in Houston, Texas. Additional skilled contractor personnel have been mobilized in preparation for this project. Work will commence immediately and is scheduled to be carried out during the first quarter of 2026.

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

FAQ

What did KOIL Energy (KLNG) announce on January 6, 2026?

KOIL announced a significant manufacturing contract to design and fabricate major steel components for a vessel-mounted carousel supporting subsea deployment in South America.

When will the KLNG fabrication work start and where will it be done?

Work will commence immediately and is scheduled to be carried out during the first quarter of 2026 at KOIL’s Houston manufacturing facility.

What scope of work did KOIL (KLNG) win under the contract?

The scope includes engineering, procurement, and fabrication of major steel components to modify an installation carousel.

Does the KOIL (KLNG) announcement specify contract value or revenue impact?

No; the announcement does not disclose contract value, revenue guidance, or financial figures.

How might the KLNG contract affect operations in the near term?

KOIL mobilized additional skilled contractor personnel and will execute the project at its Houston facility during Q1 2026, indicating near-term operational activity.

Is the KLNG contract related to any specific geographic project area?

Yes; the work supports subsea deployment of a flexible product for a project in South America.