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SageWise

02/24/08 9:47 PM

#53383 RE: jdsgungho #53377

JDS/odin, Wondering if you saw this on your visit: "fully autonomous umbilical jacking system" to lift up an existing steel tube umbilical on the ocean floor. Or may be a paper napkin sketch, thereof:)

http://biz.yahoo.com/prnews/080215/laf038.html?.v=101

"Deep Down recently provided a unique solution for critical issues confronting a third oil and gas operator. The Company installed specially designed, fully autonomous umbilical jacking system to lift up an existing steel tube umbilical on the ocean floor, which was then re-terminated. The solution and procedures provided by Deep Down allowed the operator to bring the well back on line in a fraction of the time that was otherwise envisioned. Another specialized solutions team is scheduled to depart offshore with a recently developed kit to clean a deep water J-tube, with open segments in the J-tube. These two projects add another approximately $500,000 in revenue.