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Press Releases - December 2005

December 22, 2005- Cynergetix Wins Singapore Navy ROV Maintenance Contract

December 21, 2005- 'Unstoppable Wave' Will Tell Tsunami Truths

December 18, 2005- Seaeye Appoints Mako Technologies to Distribute its ROVs in the Gulf of Mexico

December 17, 2005- Teacher Brings Deep Sea Research to the Classroom

December 15, 2005- Kongsberg Secures Underwater Camera Contract with Schilling Robotics

December 14, 2005- Oceaneering Announces Norsk Hydro ROV Frame Agreement

December 14, 2005- Subsea 7 Awarded Contract for Statoil

December 14, 2005- DDC Sells AC-CESS AC-ROV to KeySpan Energy

December 13, 2005- Si Se Puede: Crafting Technology-Driven Students, Robotics Team Competes for Future

December 12, 2005- TSB Secures GoM Decommissioning Contract Including ROV Inspection Services

December 8, 2005- Perry Slingsby Systems to Provide a Triton XLS 150HP System to Onyx Special Services

December 8, 2005- Benthos Announces Fourth Quarter and Fiscal 2005 Results

December 7, 2005- Korea Develops Deep-Sea Autonomous Underwater Vehicle

December 5, 2005- Schilling Robotics to Provide Ultraheavy-Duty Hydraulic ROV to Phoenix International



Past press releases are also available:

January 2008 January 2007 January 2006 January 2005
February 2008 February 2007 February 2006 February 2005
March 2008 March 2007 March 2006 March 2005
April 2008 April 2007 April 2006 April 2005
May 2008 May 2007 May 2006 May 2005
June 2007 June 2006 June 2005
July 2007 July 2006 July 2005
August 2007 August 2006 August 2005
September 2007 September 2006 September 2005
October 2007 October 2006 October 2005
November 2007 November 2006 November 2005
December 2007 December 2006 December 2005

Current Press Releases


Date: December 14, 2005
Organization: Oceaneering International, Inc.
Oceaneering Announces Norsk Hydro ROV Frame Agreement

(Houston, TX) - Oceaneering International, Inc. (NYSE:OII) announced it has been awarded a frame agreement to provide ROV drill support services to Norsk Hydro Produksjon AS in the Norwegian sector of the North Sea. The agreement has an initial three-year term during which Oceaneering will provide six work class ROVs and two observation class ROVs. Norsk Hydro has theoption to request additional equipment as required.

Terms of the agreement contain market competitive day rates and a provision for future rate escalations. At the end of the initial term, Norsk Hydro has three consecutive options to extend the agreement for aperiod of two years each.

Oceaneering is an advanced applied technology company that provides engineered services andhardware to customers who operate in marine, space, and other harsh environments. Oceaneering's services and products are marketed worldwide to oil and gas companies, government agencies, and firmsin the aerospace and marine engineering and construction industries.

For further information, please contact Jack Jurkoshek, Manager Investor Relations, OceaneeringInternational, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; Fax 713-329-4653; www.oceaneering.com; E-Mail investorrelations@oceaneering.com


 


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