Deep Down, Inc. (“Deep Down”), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services announced that it has received orders in excess of $2.4 million from two international customers for the provision of subsea hardware for a shallow water gas field development in the South China Sea.
The first order is for the manufacture of six Moray® umbilical termination housing assemblies (UTH). Deep Down’s unique Moray® UTH was chosen primarily because the design lends itself equally well to first and second end umbilical installations. Additionally, the Moray® UTH interfaces directly to the tree and distribution structures, thereby eliminating secondary foundations and auxiliary hydraulic and electrical flying leads. The second order is for the manufacture of seven loose steel-tube flying leads to complete the hydraulic distribution for the field. These flying leads utilize a smaller more compliant Moray® head, which allows the installation contractor to maintain tighter routing in congested areas. Delivery is scheduled to begin in the second quarter of 2013.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “We are delighted our design was chosen for this important project. Our innovative Moray® heads provide our customers with real solutions to their distribution and installation needs.”
[mappress] Press Release, December 04, 2012