Oceaneering International, Inc. announced 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.
[mappress] Source: Oceaneering, September 13, 2011;