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    Oceaneering Announces Intent to Acquire ROV Related Business Operations from Stolt Offshore BV.

    December 02, 2003

    December 2, 2003 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) has entered into a Heads of Agreement with Stolt Offshore BV., a subsidiary of Stolt Offshore S.A. (NASDAQ:SOSA, Oslo Stock Exchange:STO), for the purpose of expressing its intent to acquire Stolt’s drill support remotely operated vehicle (ROV) business, including 34 work class ROVs, ancillary equipment, and related contracts and employees, for a purchase price of $50 million.

    PR 866

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