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KOIL Energy Secures Major Project Award Mobilizing New and Old Carousels

GlobeNewswire Inc.·
KOIL Energy Secures Major Project Award Mobilizing New and Old Carousels

KOIL Energy Solutions Inc. (OTCQB: KLNG) announced the award of a major subsea umbilical handling and storage project requiring two large carousels. The company will deploy a newly acquired 3,500-metric-ton mobile offshore carousel and an existing carousel asset. Work will be performed in the second half of 2026, supported by a recently secured $5 million credit facility.

Read Full Article at GlobeNewswire Inc.
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