Explore the Benefits of Using an Open Water Dual Coiled Riser Based System for Rigless Stimulation
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Explore the Benefits of Using an Open Water Dual Coiled Riser Based System for Rigless Stimulation
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The 3rd Indonesia Decommissioning, Abandonment and Site Restoration in Oil & Gas Conference
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Decommissioning and Late Life Asset Management Conference 2016
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September 7, 2016
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September 15, 2016 – Houston, Texas – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis will meet with institutional investors and make a presentation at the Johnson Rice Energy Conference in New Orleans on Thursday, September 22, 2016.
The presentation handout will be made available after the close of the market on Wednesday, September 21, 2016, through the Investor Relations section of Oceaneering’s website at www.oceaneering.com. There will not be a webcast of the presentation.
Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
For more information on Oceaneering, please visit www.oceaneering.com.
Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com
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September 22, 2016
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Find out how innovative tooling enables ROV operation in deepwater fields.
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October 4, 2016 – Houston, Texas – Oceaneering International, Inc. announced that it is expanding its presence for Autonomous Underwater Vehicle (AUV) survey services to the West African region.
Oceaneering currently serves the U.S Gulf of Mexico with a fleet of state-of-the-art commercial AUVs, designed for high resolution and efficient survey operations in water depths reaching 4,500 meters. The Company is mobilizing one of its 3,000 meter rated AUVs, which is capable of performing deepwater geophysical hazard and pipeline inspection surveys. This advanced AUV provides clients with the necessary deepwater survey capabilities for pipeline surveys, as-built surveys, block surveys, and pipeline inspections.
“Africa is a growing market. By expanding our AUV operations, we will have the opportunity to support new and existing customers more efficiently, and meet the increasing demand for survey services in deepwater blocks of Africa with cost-effective integrated solutions. With our reliable AUV technology, we enable our customers to make informed decisions by providing them with accurate, high resolution information of the seafloor as well as their subsea infrastructure,” said Pat Mannina, Vice President, ROV – Americas and Global Survey Services.
To learn more about AUV technology, please visit www.oceaneering.com/surveying-mapping/.
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October 6, 2016 – Houston, Texas – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced it will report financial results for the third quarter 2016 on Thursday, October 27, 2016, after the close of trading on the New York Stock Exchange. The Company’s earnings release will be available on the Oceaneering website at www.oceaneering.com.
Oceaneering also has scheduled a conference call and webcast related to its third quarter 2016 results for Friday, October 28, 2016, at 10:00 a.m. Central Daylight Time. Interested parties may listen to the call through a webcast link posted in the Investor Relations section of the Company’s website. A replay of the conference call will be made available on the Company’s website starting one hour after the live call ends.
Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.
For more information on the Company, please visit www.oceaneering.com.
Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com
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September 7, 2016
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HOUSTON, October 17, 2016 – Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced today that it has acquired the assets of Blue Ocean Technologies, LLC (“Blue Ocean”), a privately held provider of riserless light well intervention (“RLWI”) services, for approximately $30 million in cash. Included in the acquisition are three RLWI systems, two of which are currently under construction, and are expected to be fully functional by mid-2017. Oceaneering expects to invest approximately $10 million to complete construction of the two RLWI systems.
Subsea well intervention services are intended to maximize production and increase the recovery rate from offshore oil and gas reservoirs or, alternatively, prepare wells to be plugged and abandoned. Blue Ocean’s RLWI systems have the capability to perform a wide variety of cost effective services for well interventions, including well diagnostics, damaged well remediation and workovers, and well plugging and abandonment. Blue Ocean’s leading RLWI technology holds the current depth record for deepwater riserless intervention at 8,200 feet (2,500m).
Kevin McEvoy, Chief Executive Officer of Oceaneering, stated, “We are pleased to complete the acquisition of Blue Ocean, which we believe will enable us to further penetrate the subsea well intervention market and support existing and new customers with additional safe, cost effective subsea solutions. The services offered by Blue Ocean are complementary to our subsea products operations, and Blue Ocean will add talent and expertise that reflects our commitment to provide quality results with an integrated and expanded platform to drive growth. This acquisition fits our strategy on increasing our services and products offerings focus related to the production phase of the offshore field life cycle.”
Oceaneering intends to report the future financial results of Blue Ocean through Oceaneering’s Subsea Products segment, under its Services and Rentals business unit.
Statements in this press release that express a belief, expectation or intention, as well as those that are not historical fact, are forward looking. The forward-looking statements in this press release include the statements concerning Oceaneering’s: expectations concerning the cost and timing of completion of the construction of the two RLWI systems under construction; expectation that the Blue Ocean acquisition will enable it to further penetrate the subsea well intervention market and support existing and new customers with additional safe, cost effective subsea solutions; description of its commitment to provide quality results with an integrated and expanded platform to drive growth; and strategy on increasing our services and products offerings focus related to the production phase of the offshore field life cycle. These forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on current information and expectations of Oceaneering that involve a number of risks, uncertainties, and assumptions, including risks and uncertainties related to counterparty performance under contracts and market conditions and other economic factors affecting its business. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. These and other risks are more fully described in Oceaneering’s latest annual report on Form 10-K and its other periodic filings with the Securities and Exchange Commission.
Oceaneering is a global provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
For more information on the Company, please visit www.oceaneering.com.
Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com
View/Download: PDF File