Deep Down wins contract to deliver buoyancy products for GoM project

Deep Down Inc. has been awarded a $1 million contract to manufacture 70 metric tons (77 tons) of buoyancy products for a project in the Gulf of Mexico.

Offshore staff

HOUSTON -- Deep Down Inc. has been awarded a $1 million contract to manufacture 70 metric tons (77 tons) of buoyancy products for a project in the Gulf of Mexico.

The order will consist of two 26-metric ton (29-ton) buoys, one 12.4-metric ton (13.7-ton) buoy, and several smaller buoys. All of the buoys will be rated for 3,000 m (9,843 ft), making them the largest buoyancy modules ever constructed for that depth, the company says. The buoys will be constructed with central steel hardware capable of a 200-metric ton (220-ton) pass-through load.

Deep Down in Channelview, Texas will fabricate the steel hardware and provide the assembly of the buoys. Flotation Technologies in Biddeford, Maine will handle the manufacture of the buoys using its proprietary high-strength Flotec syntactic foams.

Delivery is scheduled for the fourth quarter.

09/30/2009

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