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Deep Down bags $2 million in new orders

Subsea equipment specialist Deep Down has received material orders from two customers totaling approximately $2 million.

The scope of work for these orders includes providing subsea controls equipment.

This consist of jumpers, flying leads and also electrical/hydraulic distribution manifold.

The company will make deliveries before the end of 2020.

Finally, the equipment will set in the Gulf of Mexico and the Asia Pacific regions.

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Charles Njuguna, Deep Down’s president and CEO, stated:

“Despite the challenges presented by the global coronavirus pandemic and the recent weakness in oil prices, Deep Down remains committed to providing our customers with world-class products and services.

“We look forward to continue building our relationships with these valued customers as our industry moves forward.”

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