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Stock impact report

Deep Down Receives Umbilical Support Order from Shell Trinidad and Tobago

DEEP DOWN INCORP (DPDW) 
Company Research Source: GlobeNewswire
HOUSTON, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQB:DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced today that it has received an order for umbilical support services directly from Shell Trinidad and Tobago. The order is for the design, fabrication, project management, and installation support for an umbilical repair/replacement package to restore communications to the Poinsettia Deep Well offshore Trinidad and Tobago. Offshore operations will likely occur in Q1 ’20. Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, "This award further highlights the success of our efforts to continue expanding our customer base internationally, especially in the provision of inspection, maintenance and repair solutions.” About Deep Down, Inc. (www.deepdowninc.com)Deep Down focuses on complex deepwater and ultra-deepwater oil and gas production distributi Show less Read more
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