Mariner Energy fka ME

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Oceaneering Announces Mariner Energy Bass Lite Umbilical Contract
Wednesday October 11, 4:15 pm ET


HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- Oceaneering International, Inc. (NYSE: OII - News) announced that it has secured a contract with an approximate value of $30 million from Mariner Energy, Inc. (NYSE: ME - News) to supply umbilicals and the related connection hardware for the Bass Lite field development in the Gulf of Mexico.
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The order is for steel tube umbilicals totaling over 55 miles in length with hydraulic lines rated for 10,000 psi, as well as electrical and armored fiber optic lines. Umbilical manufacturing is planned to take place at the Oceaneering Multiflex facility in Panama City, Florida.

The umbilicals will be used to tie Bass Lite, located in 6,750 feet of water at Atwater Block 426, to the Devil's Tower spar in Mississippi Canyon Block 773.

Oceaneering is an advanced applied technology company that provides engineered services and hardware to Customers who operate in marine, space, and other harsh environments. Oceaneering's services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace and marine engineering and construction industries.

For further information, please contact Jack Jurkoshek, Director Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone [phone]; Fax [phone]; http://www.oceaneering.com ; E-Mail [e-mail] .