Deep Down nets Shell order
- Business & Finance
Deep Down, an oilfield services company, has received an order from the oil and gas company Shell for an umbilical and distribution system to support a production platform mooring line control system.
Deep Down did not specify which production platform would be supplied under the contract.
In addition to supporting platform positioning, the system will provide real time data collection during high seas and platform operations.
The oilfield services company added that due to increasing safety standards for wave zone equipment, the system would be designed to survive extreme wave loading conditions and extended design life.
Ron Smith, Chief Executive Officer of Deep Down, briefly commented: “This order represents another milestone in the relationship between Shell and Deep Down.”