Houston, Texas - Deep Down Technologies Inc has received an $11.1-million contract from Dutch company Delba Drilling International Cooperatie UA to supply and install the deepwater marine-drilling riser flotation system for the new-build Delba III semi-submersible drilling rig.
Manufacturing will be managed by Deep Down subsidiary, Flotation Technologies, which designs and manufactures deepwater flotation systems using syntactic foam and polyurethane elastomers, the company said 25 Nov.
The drilling rig is rated to drill in 2400 m of water, upgradeable to 2700 m, and is scheduled to be delivered to drill in Brazilian waters by early 2010.
"We believe the highly engineered CoreTec modules provide a superior cost-effective solution with its demonstrated durability and longevity at ultra high ocean depths," said Drilmar Monteiro of Delba Drilling.
"We anticipate continued use of this solution in our Brazilian operations, as we have a significant backlog of rigs all requiring an effective and durable buoyancy solution for deepwater operations," he added.
"The CoreTec drilling riser buoyancy modules provide a more durable, long-lasting, and cost-effective buoyancy solution for our customers," commented Deep Down ceo Ronald Smith.
PIC: Flotation Technologies' distributed buoyancy modules