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OCEANEERING INTERNATIONAL TO LIST ON NEW YORK STOCK EXCHANGE

      OCEANEERING INTERNATIONAL TO LIST ON NEW YORK STOCK EXCHANGE
    HOUSTON, Nov. 22 /PRNewswire/ -- Oceaneering International, Inc., (NASDAQ: OCER) today announced that the company has filed an application to list its common stock on the New York Stock Exchange (NYSE).  It is expected that Oceaneering's stock will begin trading on the NYSE on Dec. 17 under the ticker symbol "OII."
    John R. Huff, chairman, president, and chief executive officer of Oceaneering, stated, "Our listing on the New York Stock Exchange will enhance our visibility to investors, security analysts, and the general public, providing a broader market for our shares both in the U.S. and internationally.  This should result in improved liquidity for our shareholders, which is consistent with our goal to improve long-term shareholder value."
    Oceaneering, together with its affiliate companies, is one of the world's largest underwater services companies.  Oceaneering supplies a comprehensive range of integrated technical services to a wide array of industries.  Principal services are directed to the offshore oil and gas industry and include drilling support; subsea construction; production systems; facilities maintenance and repair; survey and positioning; engineering; and specialized inspection, both offshore and onshore.
    -0-       11/22/91
    /CONTACT:  Beth O'Sullivan of Oceaneering International, 713-578-8868/
    (OCER OII) CO:  Oceaneering International Inc. ST:  Texas IN:  OIL SU: SM -- NY044 -- 6385 11/22/91 12:27 EST
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Publication:PR Newswire
Date:Nov 22, 1991
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