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.

Oceaneering’s business offerings include remotely operated vehicles, mobile offshore production systems, built-to- order specialty subsea hardware, engineering and project management, subsea intervention and installation services, non-destructive testing and inspections, and manned diving.

Founded in 1964, Oceaneering has grown from an air and mixed gas diving business in the Gulf of Mexico to a diversified, advanced applied technology organization operating around the world. Oceaneering achieved this growth by executing a plan of both internal research and development augmented by strategic acquisitions.

For the quarter ended March 31, 2010, Oceaneering earned net income of $39.2 million on revenue of $435.2 million, or $0.71 per share while employing approximately 7,900 people working out of 68 locations in 21 countries. The Company serves its oilfield customers through the trade names of Oceaneering International, Oceaneering Intervention Engineering, Oceaneering Multiflex, Oceaneering Grayloc, Oceaneering Rotator, and Oceaneering Inspection Services. Our Advanced Technologies Group, which includes Oceaneering Technologies and Oceaneering Space Systems, serves our customers outside the oilpatch.

Summary of US Benefits

We understand that it is difficult to balance the demands of your work life and your personal life. That is why we offer a comprehensive, competitive benefit package that allows you to provide protection for your family’s health and financial well-being.

For eligible employees, benefits may include:

Medical, Dental and Vision

At Oceaneering, your benefits are available to you upon your employment. We offer two Preferred Provider Organization (PPO) plans administered by Blue Cross Blue Shield of Texas and a Prescription Drug Plan administered by Caremark.

You also have the opportunity to participate in our PPO Dental Plan and our Vision Plan.

Basic Life and Disability Coverage

Oceaneering offers Basic Life to our employees free of charge. We also provide employer paid Short-Term and Long-Term Disability Coverage.

Optional Life Insurance and Accidental Death and Dismemberment and Disability Coverage (AD&D)

Employees have the opportunity to purchase Optional Life Insurance and AD&D for themselves and their dependents at low group rates.

Healthcare/Dependent Day Care Flexible Spending Accounts

Employees can set aside $5,000 a year on a pre-tax basis to pay for eligible healthcare and dependent daycare expenses.

Employee Assistance Program

The Employee Assistance Program is offered at no cost and provides a confidential counseling service for our employees and their families.

Oceaneering Retirement Investment Plan – 401(k)

Oceaneering provides a 401(k) plan that allows employees to contribute up to 80% of their salary on an annual basis. The company match and attractive investment fund options give our employees the opportunity to save for their future.

Vacation

Vacation is provided for regular full-time employees.

Sick Leave

Oceaneering provides 100% income protection through sick leave pay.

Holidays

Oceaneering observes at least 10 paid holidays each year.

The above is not intended to replace benefit plan documents. Plans are subject to change.
Company benefits provided for employees in our locations outside the U.S. are competitive within each geographic location.

Oceaneering International, Inc.
11911 FM 529
Houston, Texas 77041