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    Oceaneering Announces U.S. Navy Sea Base Initiative HiCASS Contract

    October 13, 2005

    October 13, 2005 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the award of a contract from the U.S. Navy Office of Naval Research (ONR) to develop new capability for high capacity transfer of 20-foot shipping containers between large ships at sea. The contract is indefinite delivery, indefinite quantity with a potential value of $45 million through September 2010.

    PR 931

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