Oceaneering to Present at Capital One Southcoast Energy Conference

November 28, 2007 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that T. Jay Collins, President and Chief Executive Officer, will deliver a presentation at the Capital One Southcoast 2007 Energy Conference being held in New Orleans, LA on Tuesday, December 4, 8:30 a.m. Central Time.

The presentation will not be webcast.  Interested parties may view the presentation slides using the Investor Relations link at Oceaneering’s website, http://www.oceaneering.com/ beginning Tuesday at 8:30 a.m. Central Time.

Oceaneering is a global oilfield 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 and aerospace industries.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; Fax 713-329-4653; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.

PR 993

[The use in this release of such terms as Oceaneering, company, group, organization, we, us, our, and its, or references to specific entities, is not intended to be a precise description of corporate relationships.]