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    Oceaneering Acquires Drill Support ROV Related Business Operations from Stolt Offshore S.A.

    February 20, 2004

    February 20, 2004 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has acquired from Stolt Offshore S.A. (NASDAQ:SOSA, Oslo Stock Exchange:STO) its drill support remotely operated vehicle (ROV) business. This included 34 work class ROVs, 10 observation class ROVs, ancillary equipment, and related contracts and employees. The purchase price of $48.4 million excluded financial working capital.

    PR 872

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