Skip to main content

KOIL Energy Wins Significant Contract Offshore West Africa

Written by Customer Service on . Posted in Public Companies.

HOUSTON, March 11, 2026 (GLOBE NEWSWIRE) — KOIL Energy Solutions Inc. (OTCQB: KLNG), a leading international provider of subsea equipment and services, today announced the award of a significant contract from an international oil company to perform load out, transit, installation monitoring, and pre-commissioning services for an offshore development in West Africa.

KOIL Energy Subsea Testing Equipment
KOIL Energy Subsea Testing Equipment

The comprehensive scope of work includes engineering, project management, onshore and offshore support personnel, and specialized rental equipment.

Under the contract, KOIL Energy will mobilize personnel and equipment to transportation and installation vessel(s), as well as quayside and offshore production facility to provide the installation and pre-commissioning services of multiple subsea umbilical systems to be tied back to an existing deepwater field. Mobilization is scheduled for the second half of 2026.

“This contract is a recognition of our company’s capabilities of delivering mission-critical services to deepwater developments internationally,” said Erik Wiik, CEO of KOIL Energy. “It is also a testament to our teams’ expertise in testing of advanced deepwater systems and helping customers bring production online efficiently and safely.”

KOIL is globally recognized for providing competitive subsea systems and services that support the full life cycle of offshore oil and gas developments. Its high-performance methodologies and field-proven test equipment are designed to accelerate clients’ path to oil and gas production.

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/ac949040-6383-45dc-973e-f3dadcb33a10

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.