Hunting Gets $63.5 Million of Subsea Orders for New Development Off Guyana

Why It Matters

The contract strengthens Hunting’s foothold in the fast‑growing Guyana offshore market and bolsters its subsea revenue stream, supporting its 2030 growth targets and enhancing investor confidence.

Key Takeaways

• Hunting secures $63.5M subsea order in Guyana
• Order covers titanium stress joint product line
• Revenue recognized H2 2026; deliveries until May 2028
• Additional $4.4M orders from Stafford and Flexible units
• Guided subsea group revenue and EBITDA boosted through 2028

Pulse Analysis

Guyana’s offshore sector is accelerating, driven by large oil discoveries and a surge in floating production, storage and offloading (FPSO) projects. International oil companies are seeking reliable subsea solutions to reduce downtime and maintenance costs, creating a fertile market for specialized equipment providers. Hunting’s $63.5 million TSJ contract arrives at a time when the region’s capital expenditures are projected to exceed $10 billion through 2028, positioning the firm as a key supplier in a high‑growth niche.

The titanium stress joint (TSJ) is prized for its durability and ease of maintenance on FPSOs, where harsh marine environments demand robust components. By delivering TSJ through its Subsea Spring business, Hunting leverages its recent acquisition of Flexible Engineered Solutions, a move aimed at consolidating subsea expertise and meeting its 2030 ambition of expanding subsea market share. The integration enhances engineering capacity, shortens lead times, and broadens the product portfolio, allowing the company to capture more of the value chain from design to installation.

Financially, the contract adds a multi‑year revenue stream that will be recognized from H2 2026, extending through May 2028, and contributes to guided subsea group EBITDA through 2028. Coupled with the earlier $4.4 million orders, the deal signals a steady pipeline that can offset broader market volatility. For investors, the agreement underscores Hunting’s strategic positioning in a region poised for sustained oil production, reinforcing confidence in its long‑term growth narrative.