Deep Down secures work offshore West Africa

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

 

 

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