Exhibit 12.02

Oceaneering International, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands)
													Nine-Month
													Period Ended
	Year Ended December 31,												December 31,
	2004			2003			2002			2001			2000
Fixed Charges:
(a) Interest expensed and capitalized	$	8,785		$	7,811		$	8,610		$	11,965		$	8,597
(b) Amortized premiums, discounts and capital expenses related to indebtedness		447			244			235			235			135
(c) Estimate of interest within rental expense		3,776			2,875			2,227			1,844			1,523
(d) Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
	$	13,008		$	10,930		$	11,072		$	14,044		$	10,255
Earnings:
Added Items:
(a) Pretax income from continuing operations before minority interests and income/loss from equity investees	$	54,878		$	45,090		$	57,474		$	46,187		$	13,807
(b) Fixed charges		13,008			10,930			11,072			14,044			10,255
(c) Amortization of capitalized interest		582			582			582			405			104
(d) Distributed income of equity investees		—			—			—			—			—
(e) Share of pretax losses of equity investees for which charges arising from guarantees are included in fixed charges		—			—			—			—			—
Total added items		68,468			56,602			69,128			60,636			24,166
Subtracted Items:
(a) Interest capitalized		397			—			—			2,037			2,968
(b) Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
(c) Minority interest in pretax income of subsidiaries that have not incurred fixed charges		(273	)		(531	)		(74	)		(337	)		(509	)
Total subtracted items		124			(531	)		(74	)		1,700			2,459
Earnings as defined	$	68,344		$	57,133		$	69,202		$	58,936		$	21,707
Ratio of earnings to fixed charges		5.25			5.23			6.25			4.20			2.12