D u ri n g t h e year we co mp le t e d or i n i t ia t e d seve n a c q u isi t io n s a n d m ajor ca p i t al i n ves t m e n t s t o p osi t io n O cea n eeri n g for f u t u re grow t h a n d i n crease d p rofi t abili t y. T h ey will ex p a n d  a n d  a u g m e n t  o u r exis t i n g o p e r a t io n s a n d , for t h e m os t p ar t , i n crease t h e C o mp a n y’s offs h ore oil fiel d  i n d u s t ry ex p os u re t o d ee p wa t er; s u bsea co mp le t io n s; m obile offs h ore p ro d u c t io n  sys t e m s; a n d  i n fras t r u c t u re i n s p ec t io n . 

T h e t o t al ex p e n d i t u re associa t e d wi t h t h ese s t ra t egic , ca p i t al i n i t ia t ives is a pp roxi m a t ely $185 m illio n , or m ore t h a n 50 % of t h e book val u e of o u r n e t lo n g- t er m  asse t s a t t h e begi nn i n g of t h is year. A c h ro n olog y  of t h e acq u isi t io n s a n d ca p i t al i n ves t m e n t s follows. 

