Engineering and fabrication of the hardware to be provided under the contract has commenced. This hardware includes 29 flowline and well jumper spools, a pipeline tie-in sled, and related products.

Hardware installations are scheduled to begin later in 2008. Installation services are planned to be performed using Oceaneering’s dynamically positioned vessels, including the Olympic Intervention IV unit which is expected to be available for service.

The Perdido development is located approximately 200 miles south of Freeport, Texas, in water depths greater than 7,800 feet. Some production is anticipated from wells in depths approaching 10,000 feet.

Jay Collins, president and CEO of Oceaneering, said: We are delighted to have secured this contract to expand our participation in providing hardware and services in support of Shell’s effort to produce hydrocarbons from deepwater fields around the world.