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Deep Down Receives Flying Lead Order Valued at Approximately $3 Million

Posted on 13.01.2015 - 09:04 UTC in CONTRACT AWARDS by DT_Amanda

 Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today it has received a large order for flying leads and ancillary equipment directly from one of the supermajor operators.  The flying leads will be delivered and deployed in the Gulf of Mexico by the first quarter of 2016.


Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, "We are pleased to receive this award on such a critical project and will continue to provide the best quality and service to our customers."

 

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.

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