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    Oceaneering Announces Largest ROV Contract Award

    October 17, 2005

    October 17, 2005– Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced it has obtained the largest ROV contract in Oceaneering’s history. The expected contract base revenue to be received by Oceaneering is approximately $85 million over an initial three-year term. During this time Oceaneering will provide 11 work class ROVs, 11 observation class ROVs, and other associated services.

    PR 920

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