A Gulf of Mexico operating company has awarded Danos a contract for construction operations on two shelf assets, located approximately 80 miles off the coast of Louisiana, the company said on July 8. Work for the contract, which began in May, is expected to last through the end of 2021.
26 Danos personnel are employed for the project, working on a 14-day on, 14-day off rotation schedule. The crews will provide general maintenance and repairs necessary to sustain the harsh environment the Gulf presents.
“Danos is pleased to work with a valued customer in this capacity, and we look forward to continuing to provide excellent service for our partners,” said CEO Paul Danos. “We are encouraged by the recent uptick in industry activity and excited about the future of offshore energy.”
Danos has approximately 230 employees on its construction team, 10% of its total employee base. The company offers both land and offshore construction in addition to automation, coatings, fabrication, instrumentation and electrical, intelligent integrated materials solutions, mechanical maintenance, production workforce, project management, regulatory compliance, scaffolding and rope access, shorebase and logistics, specialized consultants, and valve wellhead.
Recommended Reading
PrairieSky Adds $6.4MM in Mannville Royalty Interests, Reduces Debt
2024-04-23 - PrairieSky Royalty said the acquisition was funded with excess earnings from the CA$83 million (US$60.75 million) generated from operations.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’
2024-03-28 - In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.