Rod Larson

President and CEO

J.P. Morgan Energy Conference
June 19, 2018
New York, New York

Oceaneering.com
1
Forward-Looking Statements
Statements we make in this presentation that express a belief,
expectation, or intention are forward looking. Forward-looking
statements are generally accompanied by words such as “estimate,”
“project,” “predict,” “believe,” “expect,” “anticipate,” “plan,” “forecast,”
“budget,” “goal,” or other words that convey the uncertainty of future
events or outcomes. These forward-looking statements are based on our
current information and expectations that involve a number of risks,
uncertainties, and assumptions. Among the factors that could cause the
actual results to differ materially from those indicated in the forward-
looking statements are: industry conditions, prices of crude oil and
natural gas, our ability to obtain and the timing of new projects, and
changes in competitive factors. Should one or more of these risks or
uncertainties materialize, or should the assumptions underlying the
forward-looking statements prove incorrect, actual outcomes could vary
materially from those indicated.
For additional information regarding these and other factors, see our
periodic filings with the Securities and Exchange Commission, including
our most recent Reports on Forms 10-K and 10-Q.

2
Reasons to Own Oceaneering
• Provider of integrated technology solutions
• Strong portfolio of diversified services and
products
• Geographically dispersed asset base and
revenue streams
• Serves blue chip customers
• Strong market positions
• Solid balance sheet, and the financial
flexibility to invest and grow the company

3
 Active in All Phases of the Offshore Oilfield Lifecycle
Phase Exploration Development Production Decommissioning
% of Oceaneering Revenue* 10% 50% 35% 5%

Market Driver Operating Floating Subsea Tree Subsea Trees In Field Abandonments
Drilling Rigs Installations Service

Business Segment • ROV Services • ROV Services • ROV Services • ROV Services
Product and Service • Survey (SP) • Tooling (SSP)
• Survey (SP) • Tooling (SSP)
Revenue Streams
• Tooling (SSP) • Tooling (SSP) • Subsea Work • Subsea Work
• IWOCS – Installation & Systems (SSP) Systems (SSP)
KEY Workover Control • IWOCS – (SSP) • IWOCS – (SSP)
Systems (SSP)
• Subsea Hardware
ROV = Remotely • Subsea Hardware (SSP) (SSP)
Operated Vehicles • Umbilicals (SSP) • Vessel-based
SSP = Subsea Products • Vessel-based Installation Installation Services
SP = Subsea Projects Services (SP) (SP)
AI = Asset Integrity • Inspection Services (AI) • Inspection Services
• Seabed Preparation/ (AI)
Trenching (SP)
4
*Estimates as of December 31, 2017.
Five Operating Segments
Energy:
Remotely Operated Vehicles (ROVs)

Subsea Products

Subsea Projects

Asset Integrity

Non-Energy:
Advanced Technology

5
Annual Financial Overview
Revenue Operating Income*

$2.3B $1.9B $10.7M $2.3M

100%
8%
14%
20% 5% 20%
12%
75% 12% 22% 10%
9% Adtech
21%
15% Asset Integrity
50% Subsea Projects
30% 49% 41% Subsea Products
33%

25%
ROV

23% 20% 20%

16%
0% 0
2016 2017 2016 2017

6
* Excludes Unallocated Expenses.
Dispersed Revenue Mix
Geographic Area Services and Products

$2.3B $1.9B $2.3B $1.9B

100%

34% 39%
75%
43% 49%

50%

57% 51% 66% 61%

25%

0%
2016 2017 2016 2017
International United States Services Products

7
Quarterly Financial Overview
Revenue Adjusted Operating EBITDA*
$446.2M $484.2M $416.4M $77.5M $70.5M $52.9M
100% 100% 4%
7% 5%
19% 5% 7% 7%
21% 21%
11% 12% 11%
75% 12% 75%
13% 15%
30% Adtech
14% 32%
15% 14% 35%
Asset Integrity
50% 50%
Subsea Projects
34% Subsea Products
32% 30%
25% 25% ROV
45% 48%
41%
21% 19% 20%
0% 0%
2017 Q1 2017 Q4 2018 Q1 2017 Q1 2017 Q4 2018 Q1

8
* Excludes Unallocated Expenses.
Second Quarter 2018 Outlook by Segment
Compared to the first quarter 2018
ROVs – Improved operating results, due to an increase in days on hire
Subsea Products – Operating loss on lower revenue, due to timing of projects
Subsea Projects – Improved operating results, due to an increase in
utilization in U.S. GOM deepwater vessel and diving services
Asset Integrity – Improved operating results, due to seasonality
Advanced Technologies – Improved operating results, due to increased
commercial activity in entertainment business, execution improvements
within AGVs and additional work for the U.S. Navy

9
2018 Outlook – Reaffirmed Prior Guidance

• Adjusted EBITDA guidance is $140 million to $180 million, with positive EBITDA
contributions from each operating segment
• Unallocated Expenses to be in the upper-$20 million range per quarter
• No longer providing 2018 annual effective tax rate guidance due to the short-term
nature of much of our work and a continuous shifting of geographic mix of operating
revenue and results

10
 Remotely Operated Vehicles

2018 Q1
100%
We provide ROVs, which are tethered
75% submersible vehicles remotely
operated from the surface, to
50%
customers in the energy industry for
25%
drilling support and vessel-based
48%
services, including subsea hardware
20%
0% installation, construction, pipeline
Revenue Adjusted Operating
EBITDA* inspection, survey and facilities
* Excludes Unallocated Expenses.
inspection, maintenance and repair.

11
Floating Rig Demand History
Drill support market share improved to 58% at March 31, 2018
Contracted Floaters, Working Contracted Floaters, Not Working % of Contracted Floaters with OII ROVs
300 100%
Contracted Floating Rigs at Period End

225 75%

% of Floaters with OII ROVs

150 50%

75 25%

0 0%
2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

12
Source: Rig data, IHS Petrodata. at March 31, 2018
Oceaneering ROV Drill Support/Vessel-Based Fleet Mix
Fleet mix was 70% in drill support and 30% in vessel-based activity for Q1 2018
Vessel Based Utilization Drill Support Utilization ROV Days on Hire
30,000 100%

Drill Support / Vessel Fleet Mix

22,500 75%
ROV Days on Hire

15,000 50%

7,500 25%

0 0%
2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

13
* At March 31, 2018. Based on number of actual working days.
Oceaneering ROV Days on Hire and Fleet Utilization
ROV days on hire increased 2% as utilization improved to 44% during Q1 2018
Drill Support Days Vessel Based Days ROV Fleet Utilization
30,000 100%

22,500 75%

Fleet Utilization Rate

ROV Days on Hire

15,000 50%

7,500 25%

0 0%
2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

14
Source: Rig data, IHS Petrodata
Oceaneering ROV Average Revenue per Day on Hire
Impacted by geographic mix
Revenue / Day on Hire ROV Adjusted EBITDA Margin
$12,500 100%
Average Revenue per Day on Hire

$10,000 80%

Adjusted EBITDA Margin

$7,500 60%

$5,000 40%

$2,500 20%

$0 0%
2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

15
* At March 31, 2018
 Communications via

ROV Technologies 4G, fiber, and satellite

Enabling better control and video

imaging, precise tool manipulation, and Mission support centers
adherence to industry requirements Stavanger (Norway),
Houston (Texas), and
Morgan City (Louisiana)

Traditional Resident ROV

Freedom ROV system
ROV Concept
E-ROV

E-ROV concept winner 2017 World

Oil New Horizons Idea Award

16
YOY ROVs – Increase in Activity, Lower Operating Income
Reaffirmed 2018 outlook versus 2017
Reduced average revenue per day on hire
• Shift in geographic mix
• Continued competitive market
Continue to project more fleet days on hire
• Slight shift in fleet mix more towards drill support utilization
Increase in ROV market share for drill support
Fleet utilization in the low 50% range
ROV EBITDA margin in the low 30% range

17
 Subsea Products

2018 Q1
100%
While most of our subsea products
75% are sold, we also rent tooling, and
30% provide IWOCS and subsea work
50%
systems as a service, including
30%
25% hydrate remediation, riserless light
well intervention, well stimulation,
0%
Revenue Adjusted Operating
EBITDA*
dredging, and decommissioning.
* Excludes Unallocated Expenses.

18
Subsea Products
Manufactured Products

59%

Production Control Umbilicals Specialty Subsea Hardware

Supply electric and hydraulic power to Field development hardware used to % of Total Subsea Product
subsea trees and inject chemicals into connect production trees to umbilicals and 2018 Q1 Revenue
reservoirs and well streams. flow lines. Also includes connectors and
valves - Oceaneering Grayloc, Oceaneering
Pipeline Connection & Repair Systems
(PCRS) and Oceaneering Rotator.

19
Subsea Products
Service and Rental

41%

Installation and Workover Control

Systems (IWOCS) Tooling and Subsea Work Systems
% of Total Subsea Product
A temporary control system designed for both Provide more than 4,000 ROV tools for rental.
rig- and vessel-based operations used for tree Supports well intervention, drilling, 2018 Q1 Revenue
installation, completion, workover, construction, field maintenance, and plugging
intervention and decommission of subsea and abandonment activities.
wells.

20
Subsea Products Financials
Backlog $240 million at March 31, 2018
Subsea Products Revenue Subsea Products Backlog
$1,000
$900
Subsea Products ($ in Millions)

$800
$700
$600
$500
$400
$300
$200
$100
$0
2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

21
Optimism in More Final Investment Decisions (FIDs)*
• FIDs recovered strongly in 2017

• Globally, 25 major offshore projects (>50 mmboe) were sanctioned in 2017,

and nearly half were for deepwater**

• Wood Mackenzie estimates a total of 39 pre-FID offshore projects (>50

mmboe) in 2018, and about 36% are for deepwater

• Based on the above, along with discussions with customers and bid activity,
we envision our book-to-bill for 2018 exceeding 1.0

22
* Wood Mackenzie FID Tracker at March 31, 2018. **Deepwater Projects are => 400 meters (1320 feet)
Subsea Installations Forecast

500
430 429
397
400
Subsea Trees Installed

338
302 Trees Onstream
300 287 Y/Y Growth %
2018F: +5%
2019F: +12%
200 2020F: +17%
2021F: +8%
2022F: No Change
100

0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018F 2019F 2020F 2021F 2022F

23
Source: Tree data - Wood Mackenzie’s Subsea Service, April 2018
Proven Well Access Capabilities
• IRIS and BORIS - rigless, riserless light well
intervention systems
• Reliably perform in depths to 10,000 feet
and pressures to 10,000 psi
• Maximize production and increase the
recovery rate from offshore oil and gas
reservoirs or, alternatively, prepare wells to
be plugged and abandoned

Riserless Intervention System

winner 2017 World Oil Best Well
Intervention Technology Award

24
YOY Subsea Products – Stronger Book-to-Bill, Lower Operating Income
Reaffirmed 2018 outlook versus 2017
Underutilized plant capacity
• Lower manufacturing throughput as we entered 2018 with less backlog
compared to 2017, and the natural lag between FIDs and order awards
Lower pricing

Margins in the low- to mid-single digit range

Envision book-to-bill to exceed 1.0

25
 Subsea Projects
2018 Q1
100% We provide project management,
11% survey, subsea installation and
75%
inspection, maintenance, and repair
50%
14% services. We service deepwater
projects with dynamically positioned
25% vessels that have our ROVs onboard,
and shallow water projects with our
0%
Revenue Adjusted Operating manned diving operations, utilizing
EBITDA*
* Excludes Unallocated Expenses. dive support vessels and saturation
diving systems. We also provide
seabed preparation, route clearance
and trenching services to the
renewable energy and oil and gas
industries. 26
Subsea Projects Overview
Spot or Charter
Contract Location End
• Deepwater Multi-Purpose Supply Vessels**
3 Owned
Ocean Intervention Spot GOM N/A
*
Spot GOM N/A
*Ocean Intervention II
Spot GOM N/A
*Ocean Evolution (delivering late 2018)
• Diving Support Vessels
• Survey/Autonomous Underwater Vehicles (AUV) Services
• Ecosse SCAR Seabed System (acquired March 2018)
• Global Data Solutions

* Jones Act Vessel

** Supplemented with short-term vessel charters, as necessary

27
Acquired Ecosse Subsea Limited
Provider of offshore engineering, seabed
preparation, route clearance and trenching services

Benefits:
• Expand service line capabilities
• Grow market position
• Optimize customer’s installation projects with proven
tools

Accretive to 2018 cash flow and earnings

Results included in Subsea Projects segment

28
YOY Subsea Projects – Lower Operating Income
Reaffirmed 2018 outlook versus 2017
Continued competitive pressures on vessel day rates in the spot market in
the U.S. GOM
Reduced international vessel and diving activity
Entered 2018 with no meaningful fixed-term vessel contracts
Partially mitigated by operating income from Ecosse Subsea Limited
acquisition
Ocean Evolution delivering late 2018

29
 Asset Integrity

2018 Q1
100%
7% We provide asset integrity
75% management, corrosion
15%
management, inspection and
50%
nondestructive testing services,
25%
principally to the oil and gas,
power generation, and
0% petrochemical industries.
Revenue Adjusted Operating
EBITDA*
* Excludes Unallocated Expenses.

30
Asset Integrity – What We Do
Our optimized, industry-leading inspection services and integrity management solutions assure our
customers are equipped with the data required to make informed, value-adding decisions.

Inspection and Condition Integrity Management Subsea Inspection

Monitoring

Non-Destructive Testing (NDT) Advanced Inspection Services Pipeline Inspection Permanently Installed Rope Access
– CapEx / In-Service Monitoring Systems (PIMS)

31
Asset Integrity – Where We Work
We work onshore and offshore -- upstream, midstream and downstream, encompassing the entire energy
spectrum, oil and gas, nuclear, and renewables.

Inspection and Condition Integrity Management Subsea Inspection

Monitoring

Onshore Upstream Onshore Midstream Onshore Downstream Offshore Topside Offshore Subsea

32
YOY Asset Integrity
Relatively Flat Operating Income
Updated 2018 outlook versus 2017

Margins to be in the low- to mid-

single digit range

Continuing to respond to the needs

of our customers for a more cost-
effective method of ensuring the
integrity and availability of their
critical infrastructure.

33
 Advanced Technologies

2018 Q1
100%

21%
4%
We provide engineering
75%
services and related
manufacturing, principally to
50%
the U.S. Department of
Defense, NASA and its prime
25% contractors, and the
commercial theme park
0%
Revenue Adjusted Operating
industry. We also develop,
EBITDA*
* Excludes Unallocated Expenses.
implement, and maintain
innovative, turnkey logistic
solutions based on automated
guided vehicle technology.
34
Advanced Technologies Overview
Government Businesses Commercial Businesses

Dry Deck Shelter Planning Yard/

U.S. Navy Submarine Maintenance & Submarine Entertainment Systems Automated Guided
Rescue System Maintenance “Dark Ride” Vehicles Vehicle (AGV) Systems

We perform major, complex We support the U.S. Navy’s Deep We developed and patented an We develop, implement, and
overhauls, repairs, and Submergence community by performing evolutionary motion-based system maintain innovative, turnkey
modernization of all submarine complex overhauls, planned capable of delivering high-energy logistic solutions based on AGV
classes forward and aft, from maintenance, and emergency repair thrills in fully immersive 3D media- technology.
the top of the sail to the keel. tasks for the Navy’s six dry deck shelters. based attractions at a fraction of the
cost of other ride vehicles.

35
35
YOY Advanced Technologies
Increase in Operating Income
Reaffirmed 2018 outlook versus 2017

• Increased activity in entertainment

group within Commercial businesses

• Stable activity levels within

Government businesses

36
Strong Balance Sheet and Liquidity
Liquidity at March 31, 2018
• $335 million of cash
• $500 million undrawn revolving credit facility available until October 2021, and
$450 million available until January 2023
• First debt maturities - $500 million in November 2024

Organic capital expenditures

• Expect to range from $80 million to $120 million in 2018, and include $40 million to $50 million maintenance

Acquisitions
• Continue to strengthen our portfolio of services and products by investing in our current and adjacent market niches,
with more focus on our customers’ operating expenditures

Dividends
• Suspended until we see significant improvement in market outlook and projected free cash flow

37
Key Enablers to Offshore Energy
• Shortened project development life cycles

• Reduced development costs

• Recognized efficiency gains from technology

advancements

• Customer focus on developing high-graded

“core of the core” offshore assets

• Customer confidence in commodity price

stabilization

38
Long Term - Offshore Oil Remains Essential
Incremental production growth through 2020 requires significant investment
in both on- and offshore
110

100 Offshore

90 Other Onshore
Total Liquids MMB/D

Offshore is 23% of
80 Shale total incremental
barrels to 2020
70

60

Current Sources of Production

50
2016 2017F 2018F 2019F 2020F

39
Source: Morgan Stanley Research , Wood Mackenzie, Rystad Energy, and Company Data – June 2017.
 Riserless

Potential Growth Areas Intervention & P&A

Subsea Products
Subsea Projects

Mobile Robotics
ROV
Advanced Technologies Offshore
Subsea Projects Renewables

ROV
Subsea Products
Subsea Projects

Asset Integrity
Pipeline Solutions
Subsea Products
Subsea Products Subsea Projects
Subsea Projects Asset Integrity
Asset Integrity

40
Expanding into Offshore Renewable
Energy Markets
Applying existing Oceaneering technologies to provide
innovative solutions to the offshore wind market
Expecting pull through in demand from integrated solutions
and technologies offerings
Awarded survey services contract for Maryland Offshore
Wind Project
Winner in the Carbon Trust Wind Accelerator competition
• Selected for our techniques to address the inspection of
welds on monopiles and jacket foundations
Awarded three-year agreement with Van Oord Offshore
Wind B.V.
• Providing ROV and trenching support services
Acquired Ecosse Subsea Limited
• Providing offshore engineering, seabed preparation,
route clearance and trenching services 41
Offshore Wind Global Market Size
Represents a large investment and growth opportunity
Northern Europe Rest of Europe USA Rest of World
70,000
Cumulative Megawatts

60,000

50,000

40,000
34%
30,000
20%
20,000

10,000 12%

0
2017 2018F 2019F 2020F 2021F 2022F 2023F 2024F 2025F
CAGR % from 2017

42
Source: Renews Global Offshore Wind Report 2017 – Nov 2017
Conclusion
• 2018 will be challenging, but the offshore energy markets seem to be showing signs of
resilience
• Encouraged by certain improvements in long-term industry drivers and fundamentals
• Maintaining a strong balance sheet
• Looking for opportunities to invest and grow the company in all segments
• Maintaining or growing our market share
• Gaining efficiencies through continuous improvement and controlling costs
• Continuing to innovate and deliver value added solutions to our customers
• Continuing superior safety performance

43
Supplemental Information

44
EBITDA Reconciliation to Net Income
Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP financial measurement. Oceaneering’s management uses EBITDA
because we believe that this measurement is a widely accepted financial indicator used by investors and analysts to analyze and compare companies on
the basis of operating performance, and that this measurement may be used by some investors and others to make informed investment decisions. You
should not consider EBITDA in isolation from or as a substitute for net income or cash flow measures prepared in accordance with generally accepted
accounting principles or as a measure of profitability or liquidity. EBITDA calculations by one company may not be comparable to EBITDA calculations
made by another company. The following table provides a reconciliation between net income (a GAAP financial measure) and EBITDA (a non-GAAP
financial measure) for Oceaneering’s historical and projected results on a consolidated basis for the periods indicated:

Period Ended 2014 2015 2016 2017 Q1 2018F 2018F

(USD in millions) 2018 Low* High*

Net Income (Loss) $ 428.3 $ 231.0 $ 24.6 $ 166.4 $ (49.1) $(118.3) $ (88.3)
Depreciation & Amortization 229.8 241.2 250.2 213.5 54.1 210.0 220.0

Subtotal 658.1 472.2 274.8 379.9 5.0 91.7 131.7

Interest Expense/Income, Net 4.4 23.4 20.3 19.3 6.0 40.0 40.0
Income Tax Expense 195.2 105.3 18.8 (184.2) 5.9 - -
EBITDA $ 857.7 $ 600.9 $ 313.9 $ 215.0 $ 16.9 $ 131.7 $171.7
Adjusted EBITDA $ 857.7 $ 679.1 $ 369.3 $ 222.4 $ 25.2 $ 140.0 $180.0

45
* Forecast Net Loss excludes Provision for Income Taxes
Free Cash Flow (Through the Cycle)
“Free Cash Flow” (FCF) is a non-GAAP financial measurement. FCF represents cash flow provided by operating activities less organic capital expenditures
(i.e., purchases of property and equipment other than those in business acquisitions. Management believes that this is an important measure because it
represents funds available to reduce debt and pursue opportunities that enhance shareholder value, such as making acquisitions and returning cash to
shareholders through dividends or share repurchases.

Period Ended 2014 2015 2016 2017 Q1

(USD in millions) 2018

Net Income $ 428.3 $ 231.0 $ 24.6 $ 166.4 $ (49.1)

Depreciation & Amortization 229.8 241.2 250.2 213.5 54.1
Other Changes in Cash Provided by
Operating Activities 63.7 88.2 65.7 (243.4) 0.6

Cash Provided by Operating Activities 721.8 560.4 340.5 136.5 5.6

Purchases of Property & Equipment (386.9) (200.0) (112.4) (93.7) (25.7)

Free Cash Flow $ 334.9 $ 360.4 $ 228.1 $ 42.8 $ (20.1)

46
Oceaneering ROV Fleet – 279 ROVs
Geographic profile – March 31, 2018

ROV Count Vessel Based, 103

100
88
90
80 76
70
60 52
ROVs

50
40
30 26
21
20 16
10
27 17 45 6 1 7
0
GOM Africa North Sea Brazil Asia/Pac Other

47
Oceaneering ROV Leading Market Position
Ownership Drill Support Market Share*

279
28% 85
58%

OII Subsea 7 Fugro DOF Subsea C-Innovations Helix Saipem TMT Technip IKM Group Other

48
Source: ROV Ownership - Infield, A Wood Mackenzie Business, December 31, 2017. *At March 31, 2018.
Global Offshore Infrastructure is Aging
Over 6,500 on-stream wells installed offshore prior to 2018;
averaging 12 years since start-up
7,500 50

Average Years since start-up of on stream Wells

Count of Installed Wells, on stream

6,000 40

3,141 3,238
4,500 30

1,698
3,000 20

1,500 285 10

4 1,229 2,528 3,418 3,482

0 339 0
pre 1990 1990s 2000s 2010-2017 2018F +

Shelf Wells ≥400M Wells Average Age, >400M Average Age, Shelf

49
Source: Well data - Infield, A Wood Mackenzie Business, June 2018.
Global Offshore Infrastructure is Aging
Over 3,100 on-stream wells installed in deepwater* prior to 2018;
averaging 9 years since start-up
3,500 50

Average Years since start-up of on stream Wells

3,238
3,141
Count of Installed Wells, on stream

3,000
729 751 40
2,500

30
2,000 1,698 1,062
1,038
1,500 397 20
561
1,000
10
500 285
623 1,136 1,173
4 180
0 0
pre 1990 1990s 2000s 2010-2017 2018F +

Africa Asia Australia Europe/N Sea America, South/Latin MidEast/Caspian America, North

50
Source: Well data - Infield, A Wood Mackenzie Business, June 2018. *Deepwater is ≥ 400 meters
Global Offshore Infrastructure is Aging
Over 3,100 on-stream wells installed in deepwater* prior to 2018;
averaging 9 years since start-up
3,500 50

Average Years since start-up of on stream Wells

3,238
3,141
Count of Installed Wells, on stream

3,000 368 377

276 40
261
2,500

272 30
2,000 1,698 267
366 373
1,500 236
87 20
134 296 301
1,000 186
182 10
500 285 970 992
4 41 531
180
0 0
pre 1990 1990s 2000s 2010-2017 2018F +

Petrobras ExxonMobil BP Total/TotalQatar Shell Chevron Anadarko Eni LLOG,Murphy,ENGC,BHP,Tullow Other

51
Source: Well data - Infield, A Wood Mackenzie Business, June 2018. *Deepwater is ≥ 400 meters
Investor Relations Contact For more company information, visit:

Suzanne Spera oceaneering.com

Director, Investor Relations
713.329.4707
[email protected] linkedin.com/oceaneering

facebook.com/oceaneering

twitter.com/oceaneering

instagram.com/oceaneering

youtube.com/oceaneering

52
Investor Presentation
June 2018

Oceaneering.com
53