Deep Down, Inc., a specialist in deep water oil and gas production and distribution equipment and services, announced that it has secured $4.4 million in orders for flying leads and associated equipment, and offshore installation services for the Gulf of Mexico. The orders include over $1 million in offshore services for a new international customer. Deep Down expects to complete all of the work during the first half of 2019.
Deep Down CEO Ron Smith, stated, "Though we experienced some delays in customer activity in the latter part of 2018, we are seeing encouraging signs of industry activity so far in 2019. We are gratified that Deep Down's deep-water expertise, service capabilities and our product innovation and quality, continue to be recognized by leading operators around the globe. We are hard at work on a range of additional procurement opportunities for both new and existing customers, and are cautiously optimistic in our business outlook for the balance of 2019."