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    Oceaneering Announces Jubarte Field Pump Umbilical Contract

    May 03, 2005

    May 3, 2005 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced today that Oceaneering Multiflex has been awarded a contract by Petroleo Brasileiro S.A. (Petrobras) to supply umbilicals for the Jubarte field offshore Brazil in 2,500 meters water depth. The umbilical will supply integrated power and control for a specially developed electric submersible pump (ESP) installed inside a hollow pile on the seabed.

    PR 905

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