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    Oceaneering to Quadruple Steel-Tube Umbilical Manufacturing Plant Capacity

    March 21, 2003

    March 21, 2003 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today it is acquiring the world’s largest steel-tube umbilical manufacturing equipment for installation in its Oceaneering Multiflex facilities located in the United States and Brazil. New cabling machines for these locations will quadruple Oceaneering’s annual steel-tube umbilical capacity.

    PR 845

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