HOUSTON, May 16, 2017 /PRNewswire/ -- Oceaneering
International, Inc. ("Oceaneering") (NYSE:OII) announced that it
has been awarded a contract to provide services and products to
support the design, fabrication and installation of ancillary
flowline hardware for the Appomattox development in the Mississippi
Canyon Area of the U.S. Gulf of
Mexico for Shell Offshore Inc. ("Shell").
The scope of work for ancillary flowline hardware will include
the procurement and installation of pre-lay and post-lay crossing
mattresses, flowline jumper fabrication and installation, manifold
installation, as well as the design, procurement, fabrication and
installation of subsea buoyancy for flowline thermal expansion.
Oceaneering's state-of-the-art, U.S. flagged vessel, the
Ocean Evolution, scheduled for delivery in the latter part
of 2017, is expected to be used to perform the offshore
installation services in various phases commencing late 2017 and
ending sometime in 2019. Oceaneering is also expected to
provide project management, engineering, remotely operated vehicle
services, survey services, subsea tooling and global data solution
services to Shell as needed for this
work.
Roderick A. Larson, President and
Chief Executive Officer of Oceaneering, said, "We are extremely
pleased to expand our scope of supply, in addition to previously
securing the control umbilicals contract, on this Shell deepwater
Gulf of Mexico development. This
project demonstrates Oceaneering's capabilities to leverage our
comprehensive portfolio of offshore services and products to
produce safe, reliable and cost effective solutions that meet all
of a customer's requirements."
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.
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, Oceaneering
International, Inc. cautions that statements in this press release
which are forward-looking involve risks and uncertainties that may
impact Oceaneering's actual results. The forward-looking
statements in this press release concerning Oceaneering's:
expectation of Shell's utilization of the Ocean Evolution for
installation services and the timing for those services; and
expectations to provide project management, engineering, remotely
operated vehicle services, survey services, subsea tooling and
global data solution services to Shell as needed for this work.
Although Oceaneering's management believes that the expectations
reflected in these forward-looking statements are reasonable,
Oceaneering can give no assurance that the expectations will prove
to have been correct.
The forward-looking statements are made based on various
underlying assumptions and are subject to numerous uncertainties
and risks, including without limitation, changes in schedule,
contract cancellation, and other contract modifications. If
one or more of these risks materialize, or if underlying
assumptions prove incorrect, actual results may vary materially
from those expected.
For a more complete discussion of these and other risk
factors, please see Oceaneering's filings with the Securities and
Exchange Commission. Oceaneering undertakes no obligation to
update or revise any forward-looking statements to reflect new
information or the occurrence of unanticipated events or otherwise,
except as required by applicable law.
For more information on Oceaneering, please visit
www.oceaneering.com.
Contact:
Suzanne Spera
Director, Investor Relations
Oceaneering International, Inc.
713-329-4707
investorrelations@oceaneering.com
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SOURCE Oceaneering International, Inc.