Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services yesterday announced it has received an order from a major international controls manufacturer for the manufacture and deployment of specialized short umbilical jumpers worth in excess of $1.5 million.
The order is for the first phase of a large gas project on the Northwest coast of Australia; delivery is scheduled for the fourth quarter of 2013.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “This award offers proof that our clients are increasingly coming to us to provide intricate and specialized connection strategies. We are confident that by working together with our clients on these specialized projects, the result will be a solution that is more reliable and much easier to install. It is a prosperous relationship that is continuing to grow on a daily basis.”
Press Release, May 8, 2013