Oceaneering Awarded Contract to Supply Umbilicals and Distribution Hardware for Mozambique LNG Project

Houston, June 18, 2019 /PRNewswire/ -- Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced that it has been awarded a contract by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, to supply umbilicals, distribution hardware, and aftermarket services. 

The multiple lengths of onshore and subsea steel tube control umbilicals total approximately 115 miles (185 kilometers) in length. The distribution hardware to be provided includes umbilical termination assemblies, hydraulic and chemical distribution units, electrical distribution units, flying leads, junction plates, ROV flyable large-bore connectors, and aftermarket services in support of installation. Manufacture of the umbilicals and distribution hardware is scheduled to occur at the Oceaneering facilities in Panama City, Florida and Houston, Texas; and is expected to commence in the third quarter of 2019 and be completed in the third quarter of 2021. 

Rod Larson, President and Chief Executive Officer, stated: "This award demonstrates continued confidence in Oceaneering's ability to safely deliver high-quality integrated products and services at a time of extreme prudence by operators in moving projects forward. We look forward to executing this substantial scope of work to support the Anadarko-led Mozambique LNG project and are pleased to help advance the energy industry in the region."

Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment and aerospace industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Contact:

Mark Peterson

Vice President, Corporate Development and Investor Relations

Oceaneering International, Inc.

713-329-4507

investorrelations@oceaneering.com

Source Oceaneering International, Inc.

Web Site: http://www.oceaneering.com

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