Deep Down Receives Order for Reels and Cradles for Deepwater Project in GoM

Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project in the Gulf of Mexico.

As part of the order, Deep Down will trans-spool the customer’s product onto the reels prior to final delivery. Delivery is scheduled to be completed during the second quarter 2013.

Press Release, March 14, 2013

 

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