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Monday, September 12, 2011

Oceaneering Sells Ocean Legend

- Oceaneering Sells Ocean Legend

Monday, September 12, 2011
Oceaneering International, Inc.

Oceaneering International, Inc. announced Monday the sale of the Ocean Legend, a mobile offshore production system, to an undisclosed buyer.

Oceaneering's third quarter 2011 earnings will include an estimated pretax gain in the range of $17 million to $19 million on the sale of this asset in its Subsea Projects segment operating results.

Oceaneering's 2011 EPS guidance previously given did not include the anticipated results of this transaction.

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