Deep Down, a Houston-based specialist in deep water oil and gas production and distribution equipment and services, 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 said in a statement on Tuesday.
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.”
Smith also said: “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.”