Deep Down clinches $2.5M in new orders

Deep Down, Inc., an oilfield services company, has received an order for flying leads and UTA (Umbilical Termination Assembly) from an independent operator for work in the Gulf of Mexico.

The company specializing in deepwater and ultra-deepwater oil production distribution system support services said Wednesday that the order was worth approximately $2.5 million. However, the operator in question remained unknown.

Deep Down said that the flying leads and UTA would be delivered and deployed in the Gulf of Mexico in the first quarter of 2016.

Ron Smith, Chief Executive Officer of Deep Down, Inc. said: “Despite the current environment of lower oil prices, this order from a new customer reinforces our strategy and ability to work directly for operators.”

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply