Deep Down Receives Order for Reels and Cradles for Deepwater Project in GoM

Deep Down Receives Order for Reels and Cradles for Deepwater Project in GoM

Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project in the Gulf of Mexico.

As part of the order, Deep Down will trans-spool the customer’s product onto the reels prior to final delivery. Delivery is scheduled to be completed during the second quarter 2013.

[mappress]
Press Release, March 14, 2013

 

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