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.
Press Release, March 14, 2013