Oceaneering Delivers and Installs Petrobras’ Cottonwood Umbilical
December 18, 2006 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has delivered and installed a 17.5 mile, steel tube umbilical in the Cottonwood field for Petrobras America, Inc.
The umbilical was manufactured at the Oceaneering Multiflex plant in Panama City, Florida and was installed using the Ocean Intervention II, a dynamically positioned (ABS 2) multiservice vessel.
Cottonwood, located in 2,200 feet of water at Garden Banks 244, is a two well, subsea development being tied back to a fixed platform in East Cameron 373. The umbilical consists of two electrical quads for power and signal operations and eleven super duplex steel tubes for hydraulic power and chemical injection.
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 firstname.lastname@example.org.
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