Oceaneering Declares Quarterly Dividend

                   Oceaneering Declares Quarterly Dividend

PR Newswire

HOUSTON, Oct. 29, 2012

HOUSTON, Oct. 29, 2012 /PRNewswire/ -- Oceaneering International, Inc.
(NYSE:OII) announced today that its Board of Directors declared a regular
quarterly dividend of $0.18 per common share. The dividend is payable
December 20, 2012 to shareholders of record at the close of business on
November 30, 2012.

Oceaneering is a global oilfield 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 and aerospace industries.

For further information, please contact Jack Jurkoshek, Director Investor
Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas
77041; Telephone 713-329-4670; E-Mail investorrelations@oceaneering.com.

SOURCE Oceaneering International, Inc.

Website: http://www.oceaneering.com