2003AnnualRepo r t P a ge  1 2 O ceanee r ing  I n t e r na t ional  Ro t a t or a dd e d  a n o t h er  d i m e n sio n t o o u r s u bsea  p ro d u c t s offeri n g i n cl u d i n g a n  es t ablis h e d  li n e of p ro d u c t s ra t e d  for o p era t io n  i n  wa t er  d e p t h s i n  excess of 10,000 fee t . Ro t a t or’s o n -si t e researc h  a n d d evelo pm e n t ;  d ee p wa t er  t e s t i n g facili t ies; a n d p recisio n m a n u fac t u ri n g give i t s  p ro d u c t s a  h ig h reliabili t y ra t i n g, a n  esse n t i al req u ire m e n t  i n  s u bsea  h ar d ware i n s t alla t io n s. Acq u ire d Ro t a t or AS for $15  m illio n . Ro t a t or is a  p re m ier  d esig n er a n d m a n u fac t u rer of  s u bsea a n d t o p si d e co n t ro l valves, s u bsea c h e m ical i n jec t io n a n d m e t eri n g valves, a n d s p ecial t y co n t rol  p a n els wi t h  a nn u al reve n u es of $16  m illio n . Se p t e mb e r T h e a dd i t io n of Ro t a t or  t o o u r exis t i n g B O P co n t rols a n d s u bsea fiel d d evelo pm e n t h ar d ware  ca p abili t ies  h as e n able d u s  t o offer  p ackage d p ro d u c t  s u bsea fl u i d  co n t rol a n d  co nn ec t io n  sys t e m s. W e i n t e n d t o offer a sys t e m t o sa t isfy  t h e rece n t ly es t ablis h e d 2005 req u ire m e n t for zero fl u i d release i n N or t h  Sea  d rilli n g  o p era t io n s. Subsea Chemical  Distribution Valve Subsea Production Control Valve Topside Directional  Control Valves