BAE Systems to Build Commercial Vessel for Oceaneering International

  BAE Systems to Build Commercial Vessel for Oceaneering International

Business Wire

MOBILE, Ala. -- October 4, 2013

Oceaneering International, Inc., a global oilfield provider of engineered
services and products, has selected BAE Systems to build a subsea support
vessel for offshore drilling. The vessel will be used to augment Oceaneering’s
ability to provide subsea intervention services in the ultra-deep waters of
the Gulf of Mexico.

BAE Systems continues to support the offshore energy market as it grows its
U.S. commercial shipbuilding operations. Construction will take place at the
company’s Mobile, Alabama shipyard, and, when complete, the U.S. flagged
vessel will measure 353 feet long with a 72-foot-long beam.

“This contract reinforces our commitment to new construction in the commercial
market and strengthens BAE Systems’ position as a highly competitive and
financially stable builder of deepwater support vessels,” said Richard
McCreary, vice president of BAE Systems Southeast Shipyards. “We continue to
grow our backlog of projects and build our commercial shipbuilding workforce.”

The DP2 vessel will be Marin Teknikk of Norway’s MT6022 design and will be
equipped with a 250-ton crane capable of reaching 4,000-meter water depth. It
will be powered by GE tier IVi-emission compliant engines, and by energy
efficient and environmentally compliant power and propulsion systems.

Projects currently under construction at BAE Systems’ Mobile and Jacksonville,
Florida, shipyards include two dump scows and six platform supply vessels. The
company employs more than 1,300 people at the two sites and expects to hire an
additional 250 workers by mid-2014. Career opportunities are available at

BAE Systems is a leading provider of ship repair, maintenance, modernization,
conversion, overhaul, and ship construction for commercial, private, and
government customers. The company operates seven full-service shipyards in
Alabama, Florida, California, Virginia, and Hawaii, and offers a highly
skilled and experienced workforce of more than 5,000 employees, dry docks, and
significant pier space and ship support services. The company also has proven
commercial shipbuilding, module fabrication, and robust industrial fabrication
capabilities at the Mobile and Jacksonville shipyards.

BAE Systems’ commercial customer base includes industry leaders operating
offshore energy support vessels, oil exploration vessels, cargo ships, cruise
ships, oil transportation vessels, and international carriers.

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BAE Systems
John Measell
Office: 757-494-4674
Mobile: 757-419-9615
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