Deep Down, an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today that it has been awarded a contract to supply vessel-based equipment and personnel at an umbilical and flexible flow line recovery and re-installation project located offshore West Africa. The contract has an estimated value of $1.5 million in revenue and is scheduled to be completed in the fourth quarter of 2014.
Innovative Subsea Solutions.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “This contract illustrates the confidence our customers have in us to perform this challenging scope of work worldwide.”
About Deep Down, Inc.
Deep Down, Inc. is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down’s proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads (LSFL), installation buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company’s primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead. More information about Deep Down is available at www.deepdowninc.com.
Source: Deep Down website