Oceaneering provides update following Hurricane Michael
Oceaneering International provided an update on the impact of Hurricane Michael on Oceaneering's personnel and manufacturing facility in Panama City, Florida. Roderick Larson, Oceaneering's President and CEO stated, "In preparation for the landfall of Hurricane Michael, we activated our local emergency preparedness plan, securing the facility, equipment and products, and allowed our personnel time to seek shelter safely. From our initial visual inspection of the site, we are pleased with how well the plant, equipment and products fared during the storm. It appears that our equipment, inventory and products are in good condition. However, some of our buildings sustained moderate roof and siding damage. Power has been restored to the facility, and clean-up and repair services are currently underway. Over the coming days, we intend to conduct a further assessment of the site. The safety and welfare of our employees remain our top priorities."