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    Oceaneering Announces Third Quarter Earnings Release and Conference Call Dates

    October 15, 2007

    October 15, 2007 – Oceaneering International, Inc. (NYSE: OII) announced it will release its earnings for the third quarter of 2007 on Thursday, November 1, 2007 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 for Friday, November 2, 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 a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications.  Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace 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 990

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