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Deepwater Autonomous Underwater Vehicle by Oceaneering, Boeing, and Fugro Enters Service

04/07/2003

April 7, 2003 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII), Boeing (NYSE:BA) and Fugro N.V. (AEX:FUGR) announced that the jointly developed Echo Ranger, an unmanned autonomous underwater vehicle (AUV) that performs deepwater surveying, has entered service for clients in the Gulf of Mexico. The three companies have formed an alliance to provide deepwater AUV survey services around the world employing this new system.

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