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    Oceaneering Announces Clough Umbilical Contract

    March 30, 2005

    March 30, 2005 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that Oceaneering Multiflex has been awarded a contract with a value in excess of $10 million by Clough Engineering Ltd (ASX:CLO) of Australia to supply umbilicals for the G-1 and GS-15 fields offshore Rajahmundry, India.

    PR 904

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