Profile: Oceaneering International Inc (OII.N)
21 Feb 2017
Oceaneering International, Inc., incorporated on June 20, 1969, is an oilfield provider of engineered services and products to the offshore oil and gas industry, with a focus on deep water applications. The Company's business segments include 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 Oil and Gas business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. The Company also provides remote asset management software services. The services and products provide to the oil and gas industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, and asset integrity and non-destructive testing services. The Company's foreign operations are principally focused in the North Sea, Africa, Brazil, Australia and Asia.
The Company's Oil and Gas business consists of ROVs, Subsea Products, Subsea Projects and Asset Integrity. 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. It uses ROVs in the offshore oil and gas industry to perform a range of 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's Subsea Projects perform subsea oilfield hardware installation and inspection, maintenance and repair services. The Company services deepwater projects with vessels that have Oceaneering ROVs onboard. It also services shallow water projects with its operation utilizing dive support vessels and saturation diving systems. It performs subsea intervention and hardware installation services, principally in the United States, Gulf of Mexico and offshore Africa, from its multiservice deep water vessels that has Oceaneering ROVs onboard. The Company's services include subsea well tie-backs; pipeline/flowline tie-ins and repairs; pipeline crossings; umbilical and other subsea equipment installations; subsea intervention; and inspection, maintenance and repair activities.
The Company's subsea products include various types of subsea umbilicals utilizing thermoplastic hoses and steel tubes; tooling, ROV tooling and work packages; production control equipment; installation and work over control systems; clamp connectors; pipeline connector and repair systems; subsea and topside control valves; subsea chemical injection valves, and blowout preventer control systems. The Company markets its products under the trade names Oceaneering Deepwater Technical Solutions (DTS), 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. The Company services oil and gas industry shallow water projects in the United States Gulf of Mexico with its operation utilizing the diving techniques of air, mixed gas and saturation diving, all of which use surface-supplied breathing gas.
Through the Asset Integrity division, the Company provides a range of asset integrity services to customers across the world for onshore and offshore. The Company also provides third-party inspections to contractual structural specifications, internal safety standards or regulatory requirements. The Company provides its services principally to customers in the oil and gas, petrochemical and power generation industries. In the United Kingdom, it provides Independent Inspection Authority services for the oil and gas industry, which includes first-pass integrity evaluation and assessment and non-destructive testing services. The Company uses a range of technologies to perform pipeline inspections, both onshore and offshore.
The Company's Advanced Technologies segment provides engineering services and related manufacturing principally to the United States Department of Defense, National Aeronautics and Space Administration (NASA) and its contractors, and the commercial theme park industry. The Company provides support for the United States Navy, including underwater operations, data analysis, development of ocean-related computer software and the design and development of new underwater tools and systems. It also installs and maintains mechanical systems for the Navy's submarines, surface ships, offshore structures and moorings. It provides products and services to NASA and aerospace contractors.
Oceaneering International Inc
11911 Fm 529 Rd
HOUSTON TX 77041-3000
Company Web Links
- BRIEF-Oceaneering announces Rod Larson to succeed Kevin Mcevoy as CEO
- BRIEF-Oceaneering reports Q4 and full year 2016 results
- BRIEF-Oceaneering says entered into agreement and amendment No. 2 to credit agreement
- BRIEF-Oceaneering announces BP Angola two-year contract extension
- BRIEF-Oceaneering posts Q3 adjusted earnings per share $0.17