KOIL Energy Secures Major Subsea Project Using New and Existing Carousels

KOIL Energy Solutions won a major subsea umbilical handling contract requiring deployment of a newly acquired 3,500-metric-ton carousel and an existing fleet asset, with work scheduled for the second half of 2026. The award validates the company's strategy to expand its rental equipment platform and demonstrates immediate revenue generation from recent capital investments supported by a new credit facility.