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Oceaneering to Participate at Bank of America 2006 Energy Conference

12/12/2006

November 10, 2006 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that Marvin J. Migura, Chief Financial Officer, will participate in a panel discussion on “Growth in Specialty Markets” at the Bank of America 2006 Energy Conference in Key Biscayne, FL on Thursday, November 16, 2006 at 12:50 p.m. Eastern Time (11:50 a.m. Central Time).

The panel presentation will be webcast live over the Internet.  Interested parties may listen to the presentation and view the slides over the Internet through Oceaneering’s website at www.oceaneering.com.  An archived replay will be available for 14 days after the conference.  A copy of the slides will also be available for viewing using the Investor Relations link at Oceaneering’s website.

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 968

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