Subsea oil and gas equipment and services company Deep Down has said it has received an order for installation equipment and services valued at more than $1.7 million.
The project includes the installation of Deep Down built equipment whose final destination is the Gulf of Mexico, with part of the scope being performed in collaboration with other contractors at an overseas facility. The company did not say who the client was.
All activities are currently scheduled to be complete by the end of 2022, Deep Down said.
"This award highlights the continued confidence our customers place in our team’s ability to provide integrated solutions that span the design, engineering, manufacturing, and installation of subsea production equipment,” said Charles Njuguna, president and CEO of Deep Down, Inc.
“With the easing of travel restrictions across the globe, we maintain the ability to deploy our highly experienced teams anywhere in the world in support of our customers’ projects,” he added.
In December 2021, Deep Down said it would relocate its headquarters in Houston, Texas "to further advance the operations and growth of the Company."