Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, has been awarded a contract for a project located offshore West Africa.
Deep Down will supply vessel-based equipment and personnel for an umbilical and flexible flow line recovery and re-installation.
The contract has an estimated value of $1.5 million in revenue and is scheduled to be completed in the fourth quarter of 2014.
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.”
Press Release, July 16, 2014