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    Oceaneering Announces New Multiflex Manufacturing Facility

    December 29, 2003

    December 29, 2003 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today it has selected a facility in Panama City, Florida as its new U.S. location for the manufacture of steel tube and thermoplastic umbilicals. The existing facility, to be procured under a long-term lease, has direct load out capability to 32 ft. of water, a 300-ton dockside boom crane, and will have nearly 200,000 sq. ft. of plant space after modifications.

    PR 864

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