2013, the company commenced a five-year charter for a Jones Act-compliant multi-service support vessel that the company is using in the U.S. Gulf of Mexico. In December 2013, the company commenced a three-year charter for the Normand Flower, a multi-service subsea marine support vessel. The company has made modifications to the vessel, including reconfiguration to accommodate two of its high-specification work-class ROVs. Asset Integrity Through its Asset Integrity division, the company offers a range of asset integrity services to customers worldwide to improve the safety of their facilities onshore and offshore. The company also provides third-party inspections to satisfy contractual structural specifications, internal safety standards or regulatory requirements. Advanced Technologies The Advanced Technologies segment designs, develops and operates robotic systems and ROVs for non-oilfield markets, performs commercial theme park animation and civil works projects, and designs, develops and fabricates spacecraft hardware and high-temperature insulation products. Seasonality The company generates a material amount of its consolidated revenue from contracts for services in the U.S. Gulf of Mexico in its Subsea Projects segment, which is usually more active in the second and third quarters, as compared to the rest of the year. The European operations of its Asset Integrity segment are also seasonally more active in the second and third quarters. Revenue in its ROV segment is subject to seasonal variations in demand, with its first quarter generally being the low quarter of the year. Regulations Environmental laws and regulations that apply to the company’s operations include the Comprehensive Environmental Response, Compensation, and Liability Act of 1980; the Clean Air Act; the Clean Water Act; the Resource Conservation and Recovery Act (each, as amended) and similar laws that provide for responses to, and liability for, releases of hazardous substances into the environment. The company’s operations are also governed by laws and regulations relating to workplace safety and worker health, primarily, in the United States, the Occupational Safety and Health Act and regulations promulgated thereunder. The company’s quality management systems are registered as being in conformance with ISO 9001:2000 and cover: all its Oilfield products and services in the United Kingdom and Norway; its Remotely Operated Vehicle operations in the Gulf of Mexico, Brazil and Canada; its Asset Integrity operations in the Western Hemisphere and Abu Dhabi; its Subsea Projects operations, except for shallow water diving; its Subsea Products segment; and the Oceaneering Space Systems, Oceaneering Technologies, Entertainment and Marine Services units of its Advanced Technologies segment. History Oceaneering International, Inc. was founded in 1965.
oceaneering intl inc (OII:New York)
11911 FM 529
Houston, TX 77041
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