Edition:
United States

Profile: Oceaneering International Inc (OII.N)

OII.N on New York Stock Exchange

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26 May 2017
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Oceaneering International, Inc., incorporated on June 20, 1969, is an oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. 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 serves the defense, aerospace and commercial theme park industries. The services and products it provides to the oil and gas industry include remotely operated vehicles, specialty subsea hardware, engineering and project management, subsea intervention services, including manned diving, survey and positioning services and asset integrity and nondestructive testing services.

Oilfield

The Company's four business segments within the Oilfield business are Remotely Operated Vehicles (ROVs), Subsea Products, Subsea Projects and Asset Integrity. ROVs are tethered submersible vehicles remotely operated from the surface. The Company uses its 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. Its subsea 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; installation and workover control systems; clamp connectors; pipeline connector and repair systems; subsea and topside control valves, and subsea chemical injection valves.

The Company performs subsea oilfield hardware installation and inspection, maintenance and repair services. The Company services shallow water projects with its manned diving 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, offshore Angola and offshore India from two owned and three chartered multiservice deepwater vessels. These 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. Through its Asset Integrity division, the Company offers a range of asset integrity services. It also provides third-party inspections to satisfy contractual structural specifications, internal safety standards or regulatory requirements. The Company provides these 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 nondestructive testing services. It uses a range of technologies to perform pipeline inspections, both onshore and offshore.

Advanced Technologies

The Advanced Technologies segment provides engineering services and products 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. The Company also installs and maintains mechanical systems for the Navy's submarines, surface ships, offshore structures and moorings. It provides services and products to NASA and aerospace contractors.

Company Address

Oceaneering International Inc

11911 Fm 529 Rd
HOUSTON   TX   77041-3000
P: +1713.3294500
F: +1713.3294951

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