HOUSTON, Nov. 8, 2018 /PRNewswire/ -- Oceaneering
International, Inc. ("Oceaneering") (NYSE:OII) is providing the
following operations update on its manufacturing facility in
Panama City, Florida and its
recovery from Hurricane Michael.
Roderick A. Larson, Oceaneering's
President and Chief Executive Officer, stated, "Exceeding our own
expectations, production activities at our Panama City facility have resumed.
Subsea hardware load-outs are in progress, and umbilical deliveries
are scheduled to begin this week.
"Our production equipment has undergone extensive testing and is
mostly operational. We do, however, expect repair work to
continue through the end of December. We continue to believe
that, on balance, we fared well relative to the severity of the
storm.
"Once again, we thank our employees, customers, vendors and the
Panama City community as we
continue to support each other."
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 the expected
timing of deliveries and repairs. 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 the ongoing assessment of storm damage and
estimates relating to the completion of repair work. 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 energy industry. 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:
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
investorrelations@oceaneering.com
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SOURCE Oceaneering International, Inc.