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Re: JoeSmith post# 87354

Sunday, 03/22/2009 10:23:48 AM

Sunday, March 22, 2009 10:23:48 AM

Post# of 107353
That is pretty cool, and speaking of the proteus, which was made by DDI for shlumburger and resides upon the the joides resolution which just set sail not to long ago.

I asked about the future demand for it and lars, these as most of us know are not shelf items and are on a made to order basis.

The profit margin on a lars is minimal, but on a proteus it becomes much more worth the time.

The proteus is a brilliant piece of machinery and a perfect example of the ingenuity and brilliance of Ron Smith for creating it.

He feels as though there is still a strong market for the proteus, no we wont see 100's flying out the door.

But it's a product that if a client came to DDI, they would be able to offer these types of custom solutions as a total package.

As we see a ramp up into deeper waters and more custom type solutions are needed, as the oil industry continues to seek new and inventive, as well as economical ways to extract oil.

The subsea floor is a very intricate spider web of parts and pieces, one that DPDW has very big intentions to be a part of (JMHO)

I think what we will see is more orders for flying leads, hdu's, carousels, mudmats, anything and everything that has to do with subsea trees. As well as anything and everything that is involved from the rig down to the sea floor.

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