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Oceaneering Announces Appointment of Knut Eriksen as Senior Vice President, Subsea Products

20 April 2010

Oceaneering International, Inc announced the appointment of Knut Eriksen as Senior Vice President, Subsea Products.

Effective April 19, 2010, Mr. Eriksen assumed worldwide P&L responsibility for Oceaneering's Subsea Products group, which includes Oceaneering Multiflex and Oceaneering Intervention Engineering.

Mr. Eriksen's career spans over thirty years in the oil and gas industry, most recently with Natco Group, Inc., where he served as Senior Vice President, Global Execution. The majority of his business experience is in deepwater engineering and offshore projects, and he previously held numerous management positions in engineering, operations, and business development at Aker Kvaerner, Inc. and Aker Maritime ASA. Mr. Eriksen has Masters Degrees in engineering and business administration.

Kevin McEvoy, Executive Vice President and Chief Operating Officer, stated, "Knut Eriksen's leadership and successful track record in deepwater oilfield businesses will add depth to our management team. We will benefit from his exceptional experience and perspective as we prepare for an escalation in demand for our current subsea products and attempt to expand our product line offerings."

Oceaneering is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense and aerospace industries.