Koil Energy Solutions Inc. (KLNG)

[fazoolius]

Deep Down Wins Loose-Tube Steel Flying Lead Contract
Deep Down
Monday, July 16, 2007
http://www.rigzone.com/news/article.asp?a_id=47693


Deep Down has been awarded a contract to supply loose-tube steel flying leads and compliant Morays(TM) to a customer for their subsea field development project in the Green Canyon area of the Gulf of Mexico. This is a fast-track project, and all hardware must be delivered before the end of the year.

The scope of work includes refurbishment of existing steel flying leads and construction of new loose-tube steel flying leads. Deep Down will supply its proprietary, field-proven, loose-tube steel flying leads using seam-welded super-duplex tubing for the hydraulic and chemical injection conduits involved in subsea well control. Deep Down will also be furnishing its compliant infield umbilical termination assemblies (Morays(TM)), specially designed for easier deployment and installation.

"We are pleased that our customer has chosen our proven deepwater well support products for its subsea field development project," commented Ron Smith, Deep Down's chief executive officer. "This is yet another prime example of Deep Down's innovative technology being used as the preferred solution for critical subsea oilfield development and production.

"Deep down remains committed to innovation in the delivery of subsea oil & gas and marine products and services to meet the increasing demand of the offshore energy industry," Smith concluded.


-faz