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KOIL Energy Celebrates Beacon Offshore Energy’s First Oil in Shenandoah Field

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KOIL Energy Solutions (OTCQB: KLNG) congratulated Beacon Offshore Energy on achieving first oil in the Shenandoah deepwater field on Oct. 9, 2025. KOIL said it supported Beacon by supplying over 70 MQC plates—qualified for 20,000-psi high-pressure subsea use—to enable fluid transfer between subsea control systems. KOIL noted its contribution began with an announced role in the Shenandoah project in January 2023 and said the MQC plates expand its footprint in the subsea distribution market.

KOIL Energy Solutions (OTCQB: KLNG) ha congratulato Beacon Offshore Energy per aver raggiunto la prima estrazione di petrolio nel giacimento sottomarino Shenandoah il 9 ottobre 2025. KOIL ha affermato di aver supportato Beacon fornendo oltre 70 piastre MQC, qualificate per l'uso sottomarino ad alta pressione 20.000 psi, per abilitare il trasferimento di fluido tra sistemi di controllo sottomarini. KOIL ha precisato che il suo contributo è iniziato con un ruolo annunciato nel progetto Shenandoah nel gennaio 2023 e ha detto che le piastre MQC ampliano la sua presenza nel mercato della distribuzione sottomarina.

KOIL Energy Solutions (OTCQB: KLNG) felicitó a Beacon Offshore Energy por lograr el primer petróleo en el campo Shenandoah en aguas profundas el 9 de octubre de 2025. KOIL dijo haber apoyado a Beacon suministrando más de 70 placas MQC, calificadas para uso subacuático a alta presión de 20,000 psi, para facilitar la transferencia de fluido entre los sistemas de control subacuáticos. KOIL señaló que su contribución comenzó con un papel anunciado en el proyecto Shenandoah en enero de 2023 y afirmó que las placas MQC amplían su presencia en el mercado de distribución submarina.

KOIL Energy Solutions (OTCQB: KLNG)은 Beacon Offshore Energy가 Shenandoah 심해 유전에서 초유의 석유 생산을 달성한 것을 축하했습니다 2025년 10월 9일. KOIL은 Beacon을 70개 MQC 플레이트 이상을 공급하는 것으로 지원했다고 밝혔으며, 이 플레이트는 20,000 psi의 고압 해저 사용 자격을 갖추고 있어 해저 제어 시스템 간의 유체 이송을 가능하게 합니다. KOIL은 Shenandoah 프로젝트에서 2023년 1월에 발표된 역할로 시작된 기여를 언급했고, MQC 플레이트가 해저 분배 시장에서의 발자국을 확장한다고 말했습니다.

KOIL Energy Solutions (OTCQB: KLNG) a félicité Beacon Offshore Energy pour avoir atteint le premier pétrole dans le champ Shenandoah en eau profonde le 9 octobre 2025. KOIL a déclaré avoir soutenu Beacon en fournissant plus de 70 plaques MQC, qualifiées pour une utilisation sous-marine à haute pression de 20 000 psi, afin de permettre le transfert de fluide entre les systèmes de contrôle sous-marins. KOIL a noté que sa contribution a commencé avec un rôle annoncé dans le projet Shenandoah en janvier 2023 et a déclaré que les plaques MQC étendent son empreinte sur le marché de la distribution sous-marine.

KOIL Energy Solutions (OTCQB: KLNG) gratulierte Beacon Offshore Energy zur Erreichung des ersten Öls im Shenandoah-Ölfeld in Tiefwasser am 9. Oktober 2025. KOIL sagte, Beacon unterstützt zu haben, indem es über 70 MQC-Platten lieferte — qualifiziert für den 20.000-psi Hochdruck-Unterwassergebrauch — um den Fluidtransfer zwischen Unterwasser-Steuerungssystemen zu ermöglichen. KOIL merkte an, dass sein Beitrag mit einer angekündigten Rolle im Shenandoah-Projekt im Januar 2023 begann und sagte, dass die MQC-Platten seine Präsenz auf dem Unterwasser-Verteilungsmarkt erweitert.

KOIL Energy Solutions (OTCQB: KLNG) هنأت Beacon Offshore Energy على تحقيق أول بترول في حقل Shenandoah العميق في 9 أكتوبر 2025. قالت KOIL إنها دعمت Beacon من خلال تزويده بقرابة 70 لوح MQC—مؤهلة للاستخدام تحت الماء عالي الضغط حتى 20,000 psi—لتمكين انتقال السوائل بين أنظمة التحكم تحت الماء. وأشارت KOIL إلى أن مساهمتها بدأت بدور معلن في مشروع Shenandoah في يناير 2023 وقالت إن ألواح MQC توسع بصمتها في سوق التوزيع تحت الماء.

KOIL Energy Solutions (OTCQB: KLNG) 祝贺 Beacon Offshore Energy 实现 Shenandoah 深水油田的首油,时间为 2025 年 10 月 9 日。KOIL 表示通过提供超过 70 块 MQC 板——具备用于 20,000 psi 高压海底使用的资格——来支持 Beacon,使海底控制系统之间的流体传输成为可能。KOIL 指出其贡献始于 2023 年 1 月宣布在 Shenandoah 项目中的角色,并表示 MQC 板扩大了其在海底分配市场的足迹。

Positive
  • Supplied >70 MQC plates to Shenandoah project
  • MQC plates qualified for 20,000-psi high-pressure use
  • Contribution expands KOIL footprint in subsea distribution
Negative
  • None.

HOUSTON, Oct. 09, 2025 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, today congratulated Beacon Offshore Energy LLC (“Beacon”) on its first oil in the Shenandoah deepwater field in the Gulf of America.

KOIL Energy is proud to have supported Beacon as a partner, delivering crucial subsea solutions that helped make this milestone possible.

“We are proud to have played a significant role in this milestone project, contributing to Beacon’s successful first oil achievement,” said Erik Wiik, President and CEO of KOIL Energy Solutions, Inc. “With over 70 MQC plates supplied, KOIL’s advanced technology was instrumental in driving this success, aligning perfectly with our growth strategy and commitment to innovation.”

In January 2023, KOIL Energy announced its role in the Shenandoah project— a contribution of the Company’s Multi Quick Connect (MQC) plates, qualified for the 20,000-psi high-pressure application. These critical pieces of subsea infrastructure, used to enable the transfer of fluids between subsea control systems, have expanded KOIL’s footprint in the subsea distribution market.

KOIL Energy MQC Plate

KOIL Energy MQC Plate

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/d5b6fff2-8144-4c40-84e6-84aded18e288


FAQ

What did KOIL Energy announce on Oct. 9, 2025 about Shenandoah (KLNG)?

KOIL announced it congratulated Beacon on first oil and said it supplied over 70 MQC plates used in the Shenandoah field.

How many MQC plates did KOIL Energy supply for the Shenandoah project (KLNG)?

KOIL supplied more than 70 MQC plates for the Shenandoah subsea installation.

Are KOIL Energy's MQC plates rated for high-pressure use (KLNG)?

Yes; the company said the MQC plates are qualified for 20,000-psi high-pressure application.

When did KOIL first announce its role in the Shenandoah project (KLNG)?

KOIL first announced its role in the Shenandoah project in January 2023.

What role did KOIL Energy say its MQC plates play in Shenandoah (KLNG)?

KOIL said the MQC plates enable transfer of fluids between subsea control systems and supported first oil operations.

Does KOIL say the Shenandoah milestone affect its market position (KLNG)?

KOIL said the delivery expanded its footprint in the subsea distribution market and aligns with its growth strategy.
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