Deep Down, Inc (DPDW.OB) announced that the company has received orders for $1,500,000 worth of loose-tube steel flying leads [LSFL’s].
Currently, Deep Down is adding additional product features to their LSFL’s that will enable faster deployment in deepwater environments. The company expects that they will be able to complete the delivery of these LSFLs to both clients, Helix Energy Solutions Group, Inc. and VetcoGray, Inc., within the next 90 days. The original design continues to evolve as the industry expands exploration and production projects in deeper water.
Ron Smith, CEO, stated, “Our goal is to be the number one choice for the supply, and offshore support, of all types of SFLs, based on quality of product, quicker delivery times, and efficiency of product installation. We can manufacture SFLs up to 10,000 feet in length with any J-plate desired, with or without electrical cables included. Another important goal is to continue to simplify procedures so that subsea connections are easier to complete, whether by fully experienced remote operated vehicle (ROV) crews, or ROV crews new to our product line.”
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