Oceaneering International, Inc. (“Oceaneering” or the “Company”) (NYSE:OII) announced that it has entered into a Master Service Agreement with Heerema Marine Contractors Nederland SE (“HMC”) through December 2020. During this time Oceaneering will provide up to ten Remotely Operated Vehicle (“ROV”) systems with associated subsea tooling, engineering and technicians to support HMC’s global operations, including fixed and floating platform installations, platform decommissioning, subsea infrastructure and pipeline installations.

Photo courtesy: Oceaneering

The ROV systems will be installed onboard HMC’s deepwater construction vessels Aegir, Thialf and Balder; the semi-submersible crane vessels Hermod and Sleipnir (a newbuild vessel); and other additional support vessels.

M. Kevin McEvoy, Chief Executive Officer of Oceaneering, said, “We are very pleased to have been selected by HMC against a backdrop of what is a very challenging market environment. This is a position we have achieved through our customer focus and commitment to growing market share while safely providing state-of-the-art equipment, highly trained personnel, and complementary engineering services and products.”