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Oceaneering International sells Ocean Legend


Published Sep 13, 2011
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Oceaneering - Ocean Legend

Oceaneering International, Inc. reported the sale of the Ocean Legend, a mobile offshore production system, to an undisclosed buyer.

Oceaneering's third quarter 2011 earnings will include an estimated pretax gain in the range of $17 million to $19 million on the sale of this asset in its Subsea Projects segment operating results.

Oceaneering's 2011 EPS guidance previously given did not include the anticipated results of this transaction.

Tags: Oceaneering



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