Deep Down Expands Product Line in West Africa
Deep Down signed two contracts in excess of $4 million for work in West Africa. These contracts, for buoyancy products made by the company's subsidiary Flotation Technologies, Inc. and umbilical services at Deep Down's Channelview, Texas facility, will be completed over the first half of 2010.
"We continue to support the deepwater projects in West Africa through the expansion of our product lines in these areas," stated Ronald E. Smith, Deep Down's President and Chief Executive Officer. "This recent string of orders, for multiple fields in West Africa, offers proof that the marketplace continues to recognize our expertise in some of the world's most demanding environments."