Deep Down Receives Orders for Emergency Repairs to Subsea Oil and Gas Umbilicals
DEEP DOWN INCORP (DPDW)
NASDAQ:AMEX Investor Relations:
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Source: GlobeNewswire
HOUSTON, Jan. 10, 2020 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB: DPDW), a specialist in subsea oil and gas production control equipment and services, today announced that it has received orders from two independent oil and gas operators for emergency umbilical repairs. Both projects include design, engineering and the manufacture of associated umbilical accessories. Umbilicals are bundled and extruded assemblies of small-bore metal tubes or hoses, electrical cables, and fiber optic cables. They are used to supply hydraulic, electrical, and fiber optic controls, as well as chemical injection to subsea oil and gas wells, manifolds or other subsea systems from the surface production platform. One solution is for a damaged umbilical, which will be retrieved, repaired and reinstalled in the US Gulf of Mexico. Deep Down will provide the umbilical termination assemblies, in addition to decommissioning, terminating and commissioning the recovered umbilical. This work is schedul
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