Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry with a focus on deepwater applications worldwide. The company also serves the defense, aerospace and commercial theme park industries. Segments The company’s business segments are contained within two businesses – services and products provided to the oil and gas industry (Oilfield) and all other services and products (Advanced Technologies). The company’s four business segments within the Oilfield business include Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects, and Asset Integrity. The company reports its Advanced Technologies business as one segment. Oilfield This segment provides services and products for deepwater offshore operations and subsea completions. ROVs: This segment provides ROVs, which are submersible vehicles operated from the surface, to customers in the oil and gas industry for drilling support and vessel-based services, including subsea hardware installation, construction, pipeline inspection, survey and facilities inspection, maintenance and repair. The company designs and builds its new ROVs at in-house facilities. In 2015, the company added 16 ROVs to its fleet and retired 36. Its ROV fleet size was 315 as of December 31, 2015. ROVs are tethered submersible vehicles remotely operated from the surface. The company uses its ROVs in the offshore oil and gas industry to perform various underwater tasks, including drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance. The company uses its ROVs in the offshore oil and gas industry to perform various underwater tasks, including drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance. Subsea Products: This segment manufactures various specialty subsea oilfield products. These encompass production control umbilicals, tooling and subsea work systems, installation and workover control systems (IWOCS), and subsea hardware. Most of the company’s products are sold, it also rents tooling and provides IWOCS and subsea service work systems as a service, including hydrate remediation, well stimulation, dredging, and decommissioning. The company provides various types of subsea umbilicals through its Umbilical Solutions division. Offshore operators use umbilicals to control subsea wellhead hydrocarbon flow rates, monitor downhole and wellhead conditions and perform chemical injection. Subsea umbilicals are also used to provide power and fluids to other subsea processing hardware, including pumps and gas separation equipment. The company constructs various specialty subsea hardware to ISO 9001 quality requirements. These products include various types of subsea umbilicals utilizing thermoplastic hoses and steel tubes, along with termination assemblies; tooling, ROV tooling and subsea work packages; production control equipment; IWOCS; clamp connectors; pipeline connector and repair systems; subsea and topside control valves; and subsea chemical injection valves. The company markets these products under the trade names Oceaneering Deepwater Technical Solutions, Oceaneering Intervention Engineering, Oceaneering IWOCS, Oceaneering Umbilical Solutions, Oceaneering Grayloc, Oceaneering Pipeline Connection & Repair Systems, Oceaneering Rotator, Oceaneering NCA, Oceaneering Mechanica and Oceaneering GTO. Offshore well operators use subsea umbilicals and production control equipment to control subsea wellhead hydrocarbon flow, monitor downhole and wellhead conditions and perform chemical injection. They are also used to provide power and fluids to other subsea processing hardware, including pumps and gas/oil separation equipment. ROV tooling provides an additional operational link between an ROV and permanently installed equipment located on the sea floor. Subsea work packages facilitate well and associ
oceaneering intl inc (OII:New York)
11911 FM 529
Houston, TX 77041
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