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    Oceaneering Announces $13 Million Steel Tube Umbilical Contract

    August 18, 2005

    August 18, 2005 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that Oceaneering Multiflex has secured a contract with a value of $13 million from Newfield Exploration Company (NYSE:NFX) to supply steel tube umbilical for the Gulf of Mexico Wrigley field development. Wrigley is located at Mississippi Canyon 506 in approximately 3,700 feet of water.

    PR 922

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