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    Oceaneering Announces Promotion of Kevin Kerins to Vice President and General Manager, Remotely Operated Vehicles

    July 11, 2006

    July 11, 2006 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced the promotion of Kevin Kerins to Vice President and General Manager, Remotely Operated Vehicles (ROV).  In this capacity, Mr. Kerins will have responsibility for Oceaneering’s worldwide ROV business.

    Mr. Kerins has been with Oceaneering for 28 years, serving the company most recently as Vice President, Eastern Region ROV.  Kevin has held a variety of progressively more responsible domestic and international positions in ROV operations, marketing, and administration.  In 1994, he conceived the design for the Hydra® Magnum vehicle, which has been the platform for over 150 vehicles that Oceaneering has subsequently built and added to its fleet.

    T. Jay Collins, President and Chief Executive Officer, stated, “It’s a pleasure to have such a capable professional to manage Oceaneering’s flagship operation.  I am confident Kevin will provide excellent leadership as we grow our fleet in response to the increasing demand for our ROV drill support and construction/production field maintenance services.”

    Oceaneering is an advanced applied technology company that provides engineered services and hardware to Customers who operate in marine, space, and other harsh environments.  The Company’s services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace and marine engineering and construction industries.

    For further information, please contact Jack Jurkoshek, Manager Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; Fax 713-329-4653; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.

    PR 951

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