Deep Down Secures Equipment and Services Orders in Brazil

Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced it has received orders totaling more than $4 million for equipment and services for deepwater projects offshore Brazil.

The first order is from a major international oil and gas operator for the manufacture of subsea equipment to be delivered in the second quarter of 2013. The second order is from a major international installation contractor for deployment of highly specialized subsea equipment during the second quarter of 2013.

“We are delighted to have the opportunity to support our customers in Brazil,” Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “these projects represent the first time Deep Down has performed work and built subsea equipment for Brazil and we will strive to become the go-to guys for these services in Brazil and elsewhere in the world.”

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Press Release, March 04 , 2013