Deep Down Wins Over $3 Mln in GoM

Deep Down, a subsea oilfield services company has received orders for flying leads and umbilical accessories, from two undisclosed operators.

According to the company, the orders are valued in excess of $3 million.

The equipment is scheduled to be delivered and deployed in the Gulf of Mexico in the first half of 2017.

Ron Smith, chief executive officer of Deep Down, said: “These awards represent a major milestone for the company.

“We have previously provided similar equipment for the same operators through original equipment manufacturers, but this is an example of the opportunities available due to the low oil prices, where the operators are realizing significant savings by coming directly to us.”

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