Deep Down, Inc. (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 orders for flying leads and offshore services, all for the Gulf of Mexico, valued in excess of $2 million.
The offshore services will be performed within the next 90 days, while the flying leads will be deployed in the first quarter of 2016.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, "These orders reaffirm our customers' continued confidence in our products and services, and the optimism we all share for the future of the Gulf of Mexico oil industry."
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.