2 003 ACQUISITIONS AND INVEST MENTS OVERVIEW MENTS CHRONOLOGY Ja n u a r y Acq u ire d O I S  I n t er n a t io n a l  I n s p ec t io n p lc for $29  m illio n . O I S is a global  m arke t p rovi d er of i n s p ec t io n  a n d n o n - d es t r u c t ive  t es t i n g services wi t h  a nn u al reve n u es of $75  m illio n . T h is acq u isi t io n m ore  t h a n t ri p le d o u r i n t er n a t io n al i n s p ec t io n m arke t p rese n ce a n d es t ablis h e d O cea n eeri n g as  t h e lea d i n g s u pp lier of s p ecialis t  i n s p ec t io n  services  t o  t h e oil a n d  gas i n d u s t ry. W e  n ow offer i n s p ec t io n  services aro u n d t h e globe i n  s u pp or t  of  p i p eli n e a n d  offs h ore p la t for m i n s t alla t io n s a n d t h e rec u rri n g o p era t io n of  p e t roc h e m ical  p la n t s,  p ower ge n era t io n facili t ies,  p i p eli n es, a n d  off s h ore  p ro d u c t io n p la t for m s. T h is acq u isi t io n  is a n  o pp o r t u n i t y  t o offer o u r co m bi n e d  ca p abili t ies  t o o u r exis t i n g  C u s t o m ers i n t h e  G u lf of  M exico,  W es t Africa,  t h e  M i dd le Eas t , a n d Asia. T h ese co n sis t of a  p ro p rie t ary  i n t egri t y a n d  asse t m a n age m e n t  service, base d  o n  corrosio n  a n d  fa t ig u e e n gi n eeri n g a n alyses, a n d n o n -i n t r u sive i n s p ec t io n t e c h n ologies, i n cl u d i n g corrosio n m a pp i n g, lo n g ra n ge  u l t raso n ics, a n d s m all co n t rolle d  area ra d io g ra p h y. T oge t h er,  t h ese ca p abili t ies give  C u s t o m ers  t h e abili t y  t o  p la n a n d p erfor m p reve n t ive  m a i n t e n a n ce  t o  p ro d u c t io n  facili t ies wi t h m i n i m al s h u t d ow n s. 2003AnnualRepo r t P a ge 8 O ceanee r ing  I n t e r na t ional  Digital Ultrasonics Gamma Radiography To Left: Phased Array Ultrasonics