Oceaneering to acquire Norse Cutting & Abandonment AS

NCA is an oilfield technology company that specializes in providing subsea tooling services used in the plugging, abandonment, and decommissioning of offshore oil and gas production platforms and subsea wellheads. In addition, NCA performs specialized maintenance and repair services on Norwegian offshore production platforms.

Oceaneering International, Inc., Houston, announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS (NCA). The purchase is expected to close by March 31, 2011.

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