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Oceaneering Announces Kizomba Satellites Umbilical Contract

         Oceaneering Announces Kizomba Satellites Umbilical Contract

PR Newswire

HOUSTON, Dec. 19, 2012

HOUSTON, Dec. 19, 2012 /PRNewswire/ -- Oceaneering International, Inc.
(NYSE:OII) announced that it has secured a contract from Esso Exploration
Angola (Block15) Limited, a subsidiary of ExxonMobil Corporation, to supply
umbilicals for the Kizomba Satellites Phase2 development located offshore
Angola, WestAfrica.

The order is for electro-hydraulic steel tube control umbilicals totaling
approximately 43kilometers (26.7miles) in length. Product manufacturing is
planned to be performed at the Oceaneering Umbilical Solutions facility in
PanamaCity, Florida and is expected to commence in the third quarter of 2013
and be completed in the third quarter of 2014.

The control umbilicals will be used to transmit hydraulic control fluids,
chemicals, and electrical power signals to operate and monitor subsea wells
and manifolds for the development of the Bavuca, Kakocha, and Mondo South
fields in Block15.The Kakocha umbilical will utilize a 3‑inch pipe for
integrated service. The Bavuca and Kakocha umbilicals will tie back to the
Kizomba B FPSO while the Mondo South umbilical will tie back to the Mondo
FPSO.

In accordance with the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, Oceaneering International, Inc. cautions that
statements in this press release that are forward-looking involve risks and
uncertainties that may impact Oceaneering's actual results.The
forward-looking statements in this press release concern Oceaneering's:
planned product manufacturing location, and commencement and completion
dates.Although Oceaneering's management believes that the expectations
reflected in these forward-looking statements are reasonable, Oceaneering can
give no assurance that these expectations will prove to have been
correct.These statements are made based on various underlying assumptions and
are subject to numerous uncertainties and risks, including without limitation,
changes in project design or schedule, contract cancellation, change orders
and other modifications, and difficulties executing on the project.If one or
more of these risks materialize, or if underlying assumptions prove incorrect,
actual results may vary materially from those expected. For a more complete
discussion of these and other risk factors, please see Oceaneering's filings
with the Securities and Exchange Commission.

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 advanced 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
 
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