Deep Down Bags Contract in West Africa
- Business & Finance
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced that it has been awarded a contract offshore West Africa.
The contract is for the supply of vessel-based equipment and personnel at an umbilical and flexible flow line recovery and re-installation project.
The contract has an estimated value of $1.5 million in revenue and is scheduled to be completed in the fourth quarter of 2014.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “This contract illustrates the confidence our customers have in us to perform this challenging scope of work worldwide.”
Press Release, July 16, 2014