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Last $41.23 USD
Change Today +0.41 / 1.00%
Volume 1.5M
OII On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

11911 FM 529

Houston, TX 77041

United States

Phone: 713-329-4500

Fax: 713-329-4951

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: The company 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 2014, the company added 49 ROVs that it manufactured. It has grown its ROV fleet size to 336 in 2014. 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. As of December 31, 2014, the company owned 336 work-class ROVs. Subsea Products: The company 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. While most of its products are sold, the company 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’s products include various types of subsea umbilicals utilizing thermoplastic hoses and steel tubes; tooling, ROV tooling and work packages; production control equipment; blowout preventer control systems; installation and workover control systems; clamp connectors; pipeline connector and repair systems; subsea and topside control valves; and subsea chemical injection valves. The company markets its products under the trade names Oceaneering Deepwater Technical Solutions, Oceaneering Intervention Engineering, Oceaneering IWOCS, Oceaneering Umbilical Solutions, Oceaneering Grayloc, Oceaneering Pipeline Connection & Repair Systems (PCRS), Oceaneering Rotator, Oceaneering NCA, Oceaneering Mechanica and Oceaneering GTO. Subsea Projects: The Subsea Projects segment consists of its subsea installation, inspection, maintenance and repair services, principally in the U.S. Gulf of Mexico and offshore Africa, utilizing a fleet of two owned and six long-term chartered dynamically positioned deepwater vessels with integrated high-specification work-class ROVs onboard, and four owned shallow water diving vessels, spot-chartered vessels and other assets. The company services shallow water projects with its manned diving operation utilizing dive support vessels and saturation diving systems. In 2012, the company rechartered a deepwater vessel, the Ocean Intervention III, for two years, with extension options for up to three additional years, and which it has extended to January 2016. The company has also chartered an additional larger deepwater vessel, the Olympic Intervention IV, for an i

 

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TEV/Sales 0.9x
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