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
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
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.