Friday 10 April 2015

Deep Down, Inc. an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today it has been awarded several contracts for deepwater work in the Gulf of Mexico from Super Major Operators. The work will be completed over the next 12 months and includes a combination of engineering and fabrication of different SSIV systems, supply of Deep Down's patented NHU® umbilical, and variety of installation services and equipment.

Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, "These awards from different operators, serve as a vote of confidence in our ability to support our clients during these times of falling oil prices. We are also pleased at the growing interest in our modified process for producing NHU umbilicals at a fraction of the cost."

Press Release