Page 13: of Marine Technology Magazine (October 2013)

?We are pleased to announce the construction of a vessel that will allow us to maintain our competitive position to meet what we believe will be growing demand and more rigorous technical requirements for our ultra-deepwater Subsea Proj- ects services in the GOM,? said M. Kevin McEvoy, President and CEO, Oceaneering Internatinal. ?Additionally, by being Jones Act compliant this vessel will minimize the need for and risks of vessel-to-vessel hardware transfers. Deepwater drilling rig use in the GOM is currently at a his- torically high level of 40 rigs, and recent industry market re- ports have forecast that it may grow to as many as 60 rigs by the end of 2015. ?Our vessel will be equipped to perform increasingly complex deepwater  eld development installa- tion work and life-of- eld IMR projects resulting from the increased drilling activity. In particular, this vessel will have a crane that is capable of handling lifts 100 tons greater than any of the vessels we currently operate. This will increase our capability to meet our customers? demand to safely handle heavier subsea payloads in deeper water depths.? ?Deepwater drilling rig use in the GOM is currently at a historically high level of 40 rigs, and recent industry market reports have fore- cast that it may grow to as many as 60 rigs by the end of 2015.?M. Kevin McEvoy, President and CEO, Oceaneering International Marine Technology Reporter 13www.seadiscovery.com MTR #8 (1-17).indd 13MTR #8 (1-17).indd 1310/15/2013 3:56:28 PM10/15/2013 3:56:28 PM