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    Oceaneering International Announces Third Quarter Earnings Release and Conference Call Dates

    October 03, 2006

    October 3, 2006 – Oceaneering International, Inc. (NYSE: OII) announced it plans to release its earnings for the third quarter of 2006 on Tuesday, October 31, 2006 after 5:00 p.m. Eastern Time.

    A conference call to discuss the quarter’s results and the Company’s future business outlook is scheduled to be held on Wednesday, November 1, 2006, at 11:00 a.m. Eastern Time (10 a.m. Central Time).

    This call will be webcast by CCBN and can be accessed at www.companyboardroom.com.  An archived replay will be available for two weeks starting one hour after the call.

    Oceaneering is an advanced applied technology company that provides engineered services and hardware to Customers who operate in marine, space, and other harsh environments.  Oceaneering’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, Director, 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 962

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