Koil Energy

What Koil Energy does

KOIL Energy Solutions, Inc. (OTCQB: DPDW) is a Houston-headquartered subsea equipment and services company founded in 1997 that serves deepwater and ultra-deepwater offshore oil and gas operators. The company designs, manufactures, and services subsea distribution systems, umbilical systems, flying leads (including the patented LSFL and Moray Termination System), buoyancy modules, and storage/transportation equipment such as 1,000-9,000 MT carousels, supported by ROV-deployed tools (Bend Stiffener Latcher, Subsea Accumulator Module, Intervention Logic Caps). Operations span a 20-acre, 260,000+ sq ft Houston complex near the Port of Houston, a testing facility in Mobile, Alabama, and a manufacturing site opened in Macaé, Brazil in February 2025.

The business operates an integrated equipment-plus-services model. Revenue is generated through three streams: one-time product sales (subsea hardware and assemblies), project-based professional services (engineering, SIT/FAT, pre-commissioning, installation management, spooling, remediation, refurbishment), and an equipment rental platform (carousels, deployment frames, HPUs, tensioners, buoyancy). Pricing is custom and project-based with multi-year contracts; the customer base consists of deepwater E&P operators, EPCI contractors, and asset-light equipment renters, with notable wins including the supply of 70+ MQC plates for Beacon Offshore Energy's Shenandoah first-oil project and a West Africa umbilical handling award scheduled for H2 2026.

FY2025 revenue was $24.1 million (+6% YoY), with services revenue up 45% and Q4 2025 up 22% YoY to $7.3 million; adjusted EBITDA declined to $1 million from $3.5 million in 2024 as the company invested in Brazil operations, a new 3,500-MT carousel, and IP development. In May 2026 the company secured a $5 million asset-based revolving credit facility from nFusion Capital Finance to fund continued rental fleet expansion, replacing a prior receivables factoring line and leaving no outstanding financial debt aside from lease obligations.

Name

Koil Energy

Legal name

KOIL Energy Solutions, Inc.

Website

https://koilenergy.com

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

KOIL Energy Solutions (OTCQB: DPDW), founded 1997 in Houston, designs, manufactures, and services patented subsea distribution and umbilical systems — including LSFL flying leads and the Moray Termination System — for deepwater offshore oil and gas operators across the Gulf of America, Brazil, and West Africa.

Ownership category

akta.pro rank

Product category

Subsea Energy Equipment and Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)

Keywords

• Subsea equipment
• Umbilical systems
• Offshore oilfield services
• Subsea distribution
• Flying lead systems

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Product Sales: Sale of subsea equipment including distribution systems, umbilical termination assemblies, flying leads, buoyancy solutions, storage and transportation equipment. Full-year 2025 product revenue declined slightly despite overall revenue growth.
2. Services Revenue: Engineering services, project management, installation management, umbilical pre-commissioning/testing/monitoring/commissioning, system integration testing, equipment refurbishment, welding services, and pull-in/spooling operations. Services revenue surged 45% in 2025, representing the primary growth driver.
3. Equipment Rental: Rental of subsea equipment including carousels, buoyancy modules, deployment frames, hydraulic power units, tensioners, and other offshore equipment. Identified as a higher-margin growth segment within the offshore services portfolio, with the company expanding its rental fleet using the new $5M credit facility.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Koil Energy designs, manufactures, and services subsea equipment for deepwater and ultra-deepwater offshore energy projects, including patented flying leads, umbilical termination systems, subsea distribution systems, and buoyancy products. The company combines in-house fabrication (260,000+ sq ft Houston facility) with parallel services in engineering, installation, commissioning, refurbishment, storage, and equipment rental. Revenues are generated from hardware product sales (LSFL, Moray, carousels, umbilicals), engineering and lifecycle service fees, and equipment rentals targeting international oil companies and EPCI contractors worldwide.

Product overview

Koil Energy Solutions is a Houston-based subsea energy equipment and services provider offering a comprehensive portfolio of integrated systems and products for the offshore energy industry. The company operates a platform-plus-services model combining manufactured hardware products (Umbilical Systems, Subsea Distribution Systems, RIV/SSIV Control Systems) with extensive service capabilities (engineering, installation, testing, commissioning, refurbishment, storage, and rental services). Key product lines include patented Moray Termination Systems, LSFL (Loose Steel Tube Flying Leads), Subsea Accumulator Modules, carousels (1,000-9,000 MT), buoyancy solutions, and umbilical termination products. The company provides remediation solutions for flow assurance issues and operates equipment rental services with a fleet of subsea deployment equipment. Services span the entire project lifecycle from concept to commissioning, supported by facilities in Houston, Texas, Mobile, Alabama, and Macae, Brazil.

Differentiator

Problem solved

Functional benefit

Products and services

• RIV/SSIV Control Systems Customized Riser Isolation Valve and Subsea Isolation Valve control systems designed to reduce personnel, facility, and environmental risk by preventing uncontrollable hydrocarbon releases during emergencies. Systems can be integrated into onshore facilities, new build platforms, or existing offshore facilities.
• Subsea Distribution Systems Robust subsea connectivity systems that connect subsea developments to topside facilities, routing control, well injection, and sensor functions through a network of point-to-point communication using hydraulic distribution manifolds, flying leads, and distribution units.
• Umbilical Systems Complete umbilical systems from topsides to subsea terminations including TUTA, BSLM, Bend Limiters, UTA, UTH, and in-field umbilicals, leveraging in-house fabrication and testing capabilities for turnkey solutions.
• Buoyancy Solutions Syntactic foam buoyancy modules with protective fiberglass or polyethylene outer layer available in various shapes (cylinder, square, rectangle, cube, drum) with depth ratings up to 3,000 meters and buoyancy up to 1,270 lbs. Available for rent or purchase.
• Flying Leads Complete line of flying leads including Hydraulic Flying Leads, Bundled/Jacketed Steel Flying Leads, Loose Steel Tube Flying Leads (LSFL), Electric/Steel Flying Leads, Electrical Flying Leads, and Optical Flying Leads. The flagship LSFL product eliminates residual memory left in traditional flying leads.
• Storage and Transportation Products Equipment for storing and transporting subsea umbilicals and cables including Carousels (1,000-9,000 MT capacity), Flying Lead Deployment Frames, Rapid Deployment Cartridges, Reels, and Subsea Deployment Baskets.
• Subsea Fluid and Power Distribution Subsea connectivity solutions featuring the patented LSFL (Loose Steel Tube Flying Lead), Moray Termination System, and Subsea Accumulator Module (SAM) for fluid and power distribution in harsh subsea environments.
• Umbilical Termination Solutions Umbilical Termination Assemblies (UTA, SUTA, UTH, SUTH) that terminate umbilical lines providing connections for hydraulic, chemical, electrical and fiber optic services. Includes Bend Limiters, Bend Stiffener Latcher (BSL), and Umbilical Splice-Compliant products.
• System Integration / Factory Acceptance Testing (SIT/FAT/E-FAT) Engineering support through Site Integration Testing and Factory Acceptance Testing procedures to ensure projects proceed without delay. Facility handles umbilical termination to umbilical termination assembly (UTA) through complete subsea system testing.
• Umbilical Pre-commissioning Testing, Monitoring, and Commissioning Comprehensive pre-commissioning and commissioning services for subsea umbilicals, distribution and control systems including hydraulic, electrical, and fibre optic testing. Services include pre/post-loadout testing, monitoring during installation, and final commissioning.
• Engineering and Project Management Full range of subsea engineering services encompassing flexible and rigid risers, flowlines, jumpers, umbilicals, and steel tube and thermoplastic hose flying leads. Services cover concept to final commissioning with interface engineering and execution support.
• Equipment Refurbishment Refurbishment and modification of both topside and subsea tieback equipment including blasting and coating, modification of structures, anode replacement, recertification of lifting points and slings, and hydraulic/electric reconfiguration services.
• Installation Management Hands-on engineering support for installation of electro-hydraulic flying lead deployment frames, horizontal drive units, knuckle boom cranes, powered reels, rapid deployment cartridges, subsea deployment baskets, Seastax, and under-rollers.
• Pull-In and Spooling Operations Cable management and spooling operations for umbilicals, flexible pipe and power cables. Services include spooling equipment layouts, spooling procedures, and umbilical testing with over 25 years of handling and spooling operations experience.
• Subsea Equipment Storage Storage services on approximately 20 acres with 265,000 square feet of warehouse space and more than 7 acres of outdoor open concrete near Port of Houston. Includes capabilities to store, maintain, service, refurbish, asset manage, protect, and test equipment. Maintains ISO 9001:2015 certification.
• Welding Services Carbon and alloy welding services for all energy industry sectors including stainless steel, Super Duplex, and Inconel. Services available from Houston facility or mobilized on-site worldwide.
• Remediation Solutions Flow assurance and asset integrity solutions including umbilical plug/hydrate remediation, umbilical retermination, seafloor leak remediation, umbilical and steel flying lead refurbishment, jumpers, decommissioning, and intervention logic caps.
• Equipment Rental Quality subsea equipment rental services for offshore exploration and production industries worldwide. Equipment includes air tuggers, buoyancy modules, clump weights, EFL/HFL deployment frames, horizontal drive units, hydraulic power units, LARS, lay chutes and sheaves, mud mats, ROV baskets, pump skids, rapid deployment cartridges, subsea deployment baskets, tote tanks, tensioners, triplex pumps, and 4,000 metric ton modular umbilical carousels.
• Cable Management Comprehensive spooling, transportation and storage of cables including umbilicals, flexible pipe and power cables with a fleet of mobile support equipment for rapid mobilization. Equipment includes mobile carousels (3,400-4,000 mT), underrollers, reels, rapid deployment cartridges, tensioners, turning sheaves, chutes, and roller boxes.

Quantifiable outcome

• Over 200 Moray Termination Systems integrated into compliant umbilical terminations and flying leads supplied over a decade without a failure
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Beacon Offshore Energykey customerOthersKOIL supported Beacon Offshore Energy in achieving first oil in the Shenandoah field in the Gulf of America. The company supplied over 70 MQC plates used in the project, contributing significantly to its success.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TechnipFMC: Major integrated subsea provider offering subsea trees, umbilicals, manifolds, and installation services. Overlaps with KOIL on umbilical systems, distribution, and installation management for major deepwater developments.
• McDermott International: Offshore EPCI contractor with subsea umbilicals, SURF services, and offshore installation capabilities. Competes with KOIL on larger offshore development projects requiring full EPCI scope.
• Aker Solutions: Norwegian-based subsea equipment and services provider offering umbilical systems, subsea hardware, and field development services. Competes with KOIL in deepwater umbilical and distribution system supply.
• Subsea 7: Global SURF (subsea, umbilical, riser, flowline) contractor with capabilities in umbilical laying, spooling, and offshore installation. Comparable on the installation services and cable management sides of KOIL's business.
• Saipem: Global EPCI contractor for offshore and onshore energy projects, with subsea umbilicals, spooling, and installation capabilities. Comparable on the EPCI services and offshore installation management side.

Direct peers

• Helix Energy Solutions Group: Provider of subsea well intervention and robotics, with offshore services including spooling, umbilical management, and intervention tooling. Comparable on offshore intervention services and subsea equipment fleet.
• Oceaneering International: Largest pure-play subsea services and equipment provider, offering subsea umbilicals, flying leads, distribution systems, ROVs, and offshore installation services. Direct competitor in subsea hardware manufacturing and integrated SURF services for deepwater oil & gas operators.
• Forum Energy Technologies: Manufacturer of subsea equipment including umbilical termination assemblies, flying leads, and distribution products for the offshore oil & gas industry. Direct competitor in subsea hardware and OEM equipment supply.

Emerging players

• Trendsetter Engineering: Houston-based subsea equipment provider specializing in flying leads, distribution equipment, and intervention tooling. Closest direct competitor to KOIL on the proprietary subsea hardware side.
• Deep Down: Provider of subsea equipment and services including umbilical terminations, flying leads, and distribution systems for offshore oil & gas. Closely comparable niche subsea equipment supplier.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/koilenergy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koil Energy