Oil & Gas Technology: Deep Down Receives Subsea Hardware Order
May 26, 2010 (FinancialWire) — Deep Down, Inc. (OTCBB: DPDW), an oilfield services firm specializing in deepwater and ultra-deepwater oil production distribution system support services, said it has received the purchase order worth more than $4 million for installation equipment, surface and subsea hardware in West Africa.
The project is on schedule and delivery is still expected to be in the third quarter of 2010. The order comes under an LOI reported in April.
Texas-based Deep Down is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down's services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, distributed and drill riser buoyancy, ROVs and tooling, marine vessel automation, control, and ballast systems.
Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized service teams and engineered technological solutions.
Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
[hlmsmlh] [olgssglo] [nwdlsldw] [btnwswntb] [chngmdmgn] [hdlnldh] [chngmdmgn] [dntfrsrft] [ncldlcn] [tchnlgy] [prfssnlsrvctsrc] [systmspprtrpys]
![](https://www.einpresswire.com/tracking/article.gif?t=2&a=wahlP4xw2MKa0QGk&i=KWJz_EHSQPGrT8Cx)