Oceaneering International, Inc.

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Oceaneering International, Inc.			p1mX-CAT Indexes
11911 529 FM ▪ Houston TX 77041 ▪ (713) 329-4500			www.oceaneering.com
Exchange/Ticker: NYSE: OII	State/Inc: DE	FYE: 12/31	SIC: 1389	SEC Filings
			Sector: Basic Materials
			2006 Revenue: $1.3 (B)
			CEO: T. Jay Collins
			CFO: Marvin J. Migura
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Oceaneering International, Inc. was organized in 1969 out of the combination of three diving service companies founded in the early 1960s. Since its establishment, the Company has concentrated on the development and marketing of underwater services and products requiring the use of advanced deepwater technology.

Oceaneering is an underwater services contractor, providing most of its services and products to the oil and gas industry. These include remotely operated vehicles, mobile offshore production systems, built-to-order specialty hardware, engineering and project management, subsea intervention services, nondestructive testing and inspection, and manned diving. Its business segments are contained within two businesses - services and products provided to the oil and gas industry and all other services and products. Its five business segments within the Oil and Gas business are Remotely Operated Vehicles, Subsea Products, Subsea Projects, Mobile Offshore Production Systems and Inspection.

The focus of the Companyies Oil and Gas business has been toward increasing the asset base for providing services and products for deepwater offshore operations and subsea completions. Prior to 1996, Oceaneering purchased most of its ROVs, which are submersible vehicles operated from the surface and widely used in the offshore oil and gas industry.

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