Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services has been successful in its proposal to a major international umbilical manufacturer for the manufacture, installation and commissioning of a portable umbilical carousel.
The project has an estimated value of $4 million in revenue to Deep Down and is scheduled for delivery in the second quarter of 2013, with procurement of long lead items commencing this month.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “We are delighted with this opportunity. We currently have outstanding quotes in excess of $30 million for our carousel design and this project further recognizes that we are a leading provider of innovative umbilical solutions to the oil and gas industry.”
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Deep Down, Inc. and Bornemann Pumps, Inc. today announced the formation of a strategic alliance to provide high-quality subsea pumping packages and services to the Gulf of Mexico subsea oil and gas industry.
As part of the alliance, Deep Down will manage the overall project management, subsea engineering, local support functions and fabrication of the subsea structures. Bornemann will handle system and process engineering, fabrication of the subsea pumps and hydraulic control modules; both parties will work together on other technical aspects of the projects, as needed.
Ron Smith, Chief Executive Officer of Deep Down, Inc. stated, “We are thrilled to be teaming up with Bornemann Pumps to offer the Gulf of Mexico subsea market a specialized solution. As long as tiebacks and deepwater production continues to increase, the need for subsea boosting is paramount to the success of some of the subsea developments.”
Axel Jäschke, Head of Subsea Division for Bornemann Pumps stated, “We are very excited to have Deep Down as our subsea specialist. Now we can provide commercially attractive and well proven Bornemann technology in a complete package to all of our subsea clients.”
About Deep Down, Inc.
Deep Down, Inc. is an oilfield services company serving the worldwide offshore exploration and production industry. Deep Down’s proven services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, buoyant solutions, ROVs and tooling, marine vessel automation, control, and ballast systems. Deep Down supports subsea engineering, installation, commissioning, and maintenance projects through specialized, highly experienced service teams and engineered technological solutions. The company’s primary focus is on more complex deepwater and ultra-deepwater oil production distribution system support services and technologies, used between the platform and the wellhead.
About Bornemann Pumps, Inc.
Since the company’s founding in Germany in 1853, Bornemann has been setting the industry pace in pumping innovations. In 1934, it patented the twin-screw pump with external bearings. Since then Bornemann has achieved and secured a leading position worldwide with its numerous ground-breaking pump developments over the decades. For example, its expertise has resulted in a leadership position of boosting of oil and gas mixtures for onshore, offshore and subsea applications. This method of production results in significant capital cost savings over traditional approaches and simplifies operations.
Bornemann has sales offices and subsidiaries worldwide ensuring there is immediate and professional support throughout all phases of the production process ranging from detailed advice, extending to tailor-made engineering, and finally including reliable maintenance of the installed pumps and systems. Bornemann has the proven expertise and technology to provide a complete system solution. Houston, Texas is the headquarter location of Bornemann’s USA operations.
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