Deep Down gets new orders for offshore equipment and services

Source: Deep Down

Houston-based oilfield services company Deep Down has received orders for custom offshore equipment and services exceeding $2 million from different customers, within one week.

Deep Down said on Thursday that the orders were for flying leads, riser isolation valve controls, and other offshore equipment and services, primarily destined for the Gulf of Mexico.

All of the work is expected to be complete by the end of the first quarter of 2020, the company added.

Charles Njuguna, president and CEO, stated, “These awards highlight the success of our efforts to expand the scope of our offerings to existing customers, and the early signs of increasing activity in the offshore industry.”

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