HOUSTON, April 6, 2017 /PRNewswire/ -- Oceaneering
International, Inc. ("Oceaneering") (NYSE: OII) announced that it
secured a contract from Anadarko Petroleum Corporation ("Anadarko")
(NYSE: APC) to supply the umbilical for Anadarko's Constellation
subsea tieback in the U.S. Gulf of
Mexico.
The contract is for a dynamic and static electro-hydraulic steel
tube control umbilical, and associated hardware. Oceaneering
plans to design and manufacture the umbilical at its facility in
Panama City, Florida.
The control umbilical for the Constellation project is expected
to be used to transmit hydraulic control fluid and chemicals, as
well as provide the electrical power and fiber optic requirements
to operate and monitor the subsea wells which are located in
approximately 1,370 meters (4,500 feet) of water within Green
Canyon Block 627. The umbilical is expected to be tied back to
Anadarko's Constitution spar.
Statements in this press release that express a belief,
expectation or intention, as well as those that are not historical
fact, are forward-looking. The forward-looking statements in this
press release include the statements concerning Oceaneering's
planned design and manufacturing location, as well as the expected
use and tie back of the umbilicals. These forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and are based on
current information and expectations of Oceaneering that involve a
number of risks, uncertainties, and assumptions, including risks
and uncertainties related to counterparty performance under
contracts and market conditions and other economic factors
affecting Oceaneering's business. Should one or more of these risks
or uncertainties materialize, or should the assumptions underlying
the forward-looking statements prove incorrect, actual outcomes
could vary materially from those indicated. These and other risks
are more fully described in Oceaneering's latest annual report on
Form 10-K and its other periodic filings with the Securities and
Exchange Commission.
Oceaneering is a global provider of engineered services and
products, primarily to the offshore oil and gas industry, with a
focus on deepwater applications. Through the use of its applied
technology expertise, Oceaneering also serves the defense,
entertainment, and aerospace industries.
For more information on the Company, please visit
www.oceaneering.com.
Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
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SOURCE Oceaneering International, Inc.