Oceaneering Secures Anadarko Constellation Umbilical Contract

Oceaneering International, Inc. (“Oceaneering”) (NYSE:OII) announced that it secured a contract from Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC) to supply the umbilical for Anadarko’s Constellation subsea tieback in the U.S. Gulf of Mexico.

The contract is for a dynamic and static electro-hydraulic steel tube control umbilical, and associated hardware. Oceaneering plans to design and manufacture the umbilical at its facility in Panama City, Florida.

The control umbilical for the Constellation project is expected to be used to transmit hydraulic control fluid and chemicals, as well as provide the electrical power and fiber optic requirements to operate and monitor the subsea wells which are located in approximately 1,370 meters (4,500 feet) of water within Green Canyon Block 627. The umbilical is expected to be tied back to Anadarko’s Constitution spar.