HOUSTON, May 18, 2017 /PRNewswire/ -- Oceaneering
International, Inc. ("Oceaneering") (NYSE:OII) announced that one
of its oilfield business segments, Asset Integrity, has been
awarded a three-year operational inspection Frame Agreement
extension with Statoil Petroleum AS ("Statoil").
The Frame Agreement provides for Oceaneering to develop and
implement inspection and maintenance programs related to 14
specified Norwegian onshore and offshore facilities. The programs
include the assessment and reporting of integrity status and
corrective measures, and cover non-destructive testing, video
inspection, vibration measurement, thermography, and heat exchanger
inspection. The agreement also provides Statoil the
opportunity to add other fields to the work scope.
Roderick A. Larson, President and
Chief Executive Officer of Oceaneering, said, "The extension of the
Frame Agreement further demonstrates our good, long-term
relationship with Statoil, which is based on the delivery of safe,
reliable, and cost-effective services."
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 statement concerning
Oceaneering's expectation to develop and implement inspection and
maintenance programs related to 14 specified Norwegian onshore and
offshore facilities. The forward-looking statements in
this press release 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 its 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
investorrelations@oceaneering.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/oceaneering-secures-a-three-year-extension-of-operational-inspection-frame-agreement-with-statoil-300459617.html
SOURCE Oceaneering International, Inc.