| 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:
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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