Deep Down Inc., a specialist in complex deepwater oil and gas distribution equipment and services, said Aug. 20 that it has received an order from Shell for work related to its Kaikias development in the U.S. Gulf of Mexico.
The order is for the design, engineering, manufacturing and installation of a riser isolation valve control system on the Ursa tension-leg platform (TLP). The Ursa TLP is located in the Mississippi Canyon Block 810, approximately 130 miles from the coast of Louisiana, in a water depth of 4,500 ft (1,371 m).
The riser isolation valve control system will be installed on the TLP to provide shutdown of production fluids.
“We continue to be humbled by the trust Shell places in Deep Down, as we work together to continuously improve safety in the oil and gas industry,” Charles Njuguna, Deep Down’s CFO, said.
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Former Enron Corp. CEO Jeffrey Skilling has been holding meetings, hoping to win backing for a new energy venture, the Wall Street Journal reported citing unnamed sources.
Today’s featured Forty Under 40 honoree is Hunter Wallace, Atlas Sand’s COO who has led in the design, construction and capitalization of two frack sand plants in the Permian Basin.