Houston, Texas - Oceaneering International announced that it has formed a collaboration agreement with InnetiQs GmbH (IQ) to explore and develop advanced inspection solutions for the offshore and onshore energy markets.

This collaborative agreement combines IQ's advanced inspection technologies for subsea pipelines, risers, and structural assets with Oceaneering's global operations and ability to provide cost-effective, in-depth inspection and cleaning methods that lessen exposure risks to personnel. This agreement also ties into our current integrity management systems and Inform software suite of predictive analytic solutions.

Work is underway to help evolve the development of IQ's state-of-the-art Splash Zone Scanner. This breakthrough solution combines multiple inspection methods and cleaning capability into a single scanning system to deliver a combined result not currently available in the industry.

Integrating the results of parallel methods delivers a level of confidence to evaluate asset integrity in the splash zone area that is a game changer in this critical area of an offshore installation.

'The collaboration between IQ and Oceaneering will improve processes and capabilities and provide an avenue for enhanced inspection applications in all major regions from topsides, subsea, and the splash zone,' said Eric Heuring, Sr. Director for Integrity Management and Digital Solutions, at Oceaneering. 'Combining IQ's advanced technologies with Oceaneering's global operations and integrated service capabilities amongst business segments, including Integrity Management, Subsea Robotics and Offshore Projects, allows us to provide our clients with enhanced services to help better manage asset health.'

Andreas Bonisch, CEO of InnetiQs, said: 'We are excited to work with Oceaneering to build up a unique synergy to expand and deliver next generation advanced technology solutions that meet client needs, cover current inspection gaps, and make inspections less complex, more efficient, and more robust. This will ultimately enable clients to have more confidence in plant integrity and its fitness for purpose.

Contact:

Corporate Headquarters

Oceaneering International, Inc.

5875 N. Sam Houston Pkwy. W. | Suite 400,

Houston, Texas, 77086

T: 713.329.4500

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