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BRIEF-Oceaneering announces vessel charter

Oct 8 (Reuters) - Oceaneering International Inc :

* Announces vessel charter

* Says has entered into a five-year charter for use of the cade candies

* Says the charter is expected to commence during the second quarter of 2013

* Entered into 5-year charter for use of Cade Candies

* Says the current rolling, short-term charter contract on the cade candies,

will continue through early 2013

* To be renamed the Ocean Alliance, the vessel will be used to augment Oceaneering's ability to provide subsea intervention services in the ultra-deep waters of the Gulf of Mexico (GOM). These services are required to perform inspection, maintenance, and repair (IMR) projects and hardware installations. IMR projects are expected to include chemical well stimulation and hydrate remediation. Hardware installations are expected to include umbilicals, subsea trees, flowline jumpers, flying leads, and manifolds. M. Kevin McEvoy, President and Chief Executive Officer, stated, "We are very pleased to have added, on a long-term basis, this modern, high-end, Jones Act-compliant vessel to our suite of assets to enhance our capabilities to serve our customers in the deepwater GOM. This charter demonstrates our belief the GOM deepwater subsea intervention market has a promising and sustainable future."

* M. Kevin McEvoy, President and Chief Executive Officer, stated, "We are very pleased to have added, on a long-term basis, this modern, high-end, Jones Act-compliant vessel to our suite of assets to enhance our capabilities to serve our customers in the deepwater GOM. This charter demonstrates our belief the GOM deepwater subsea intervention market has a promising and sustainable future."

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