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    Oceaneering Awarded Key Umbilical Contract

    January 06, 2004

    January 6, 2004 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that Oceaneering Multiflex has been awarded a contract with a value in excess of $11 million by Santos Ltd (NASDAQ:STOSY) to provide thermoplastic umbilical for the Exeter and Mutineer fields offshore Western Australia. The development of these fields will be Santos’ first offshore project as an operator..

    PR 867

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