Oceaneering extends lease

Oceaneering extends lease

HOUSTON (Dow Jones): Oceaneering International Inc extended a lease of its San Jacinto barge to Conoco Indonesia Inc for one year.

Terms weren't disclosed.

In a press release Friday, Oceaneering said Conoco will continue to use the barge at its Natuna Sea Block B area at the Sembilang field in Indonesia.

The barge is a 12,450-deadweight-ton floating production, storage and offloading barge used in small or marginal Indonesian oil fields.

Oceaneering provides engineering services and hardware to customers who operate in marine, space or other harsh environments.

Conoco Indonesia is a unit of Conoco Inc, which is a unit of DuPont Co.