Lafayette, Louisiana – Sept 18, 2015 Dynamic Industries, Inc., a leading fabrication and service provider to the global oil, gas and energy industries, announced today that it was awarded a fabrication contract for a significant deepwater project from one of the world’s largest energy companies. Dynamic’s scope will include the fabrication of a number of modules for a deep-water platform and various other packages over the next 24 months in support of this world class deepwater discovery in the US Gulf of Mexico. Dynamic’s fabrication product will provide critical components enabling our client to exploit what is estimated be in excess of 250 million boe from this discovery, which occurred in a water depth in excess of 7,000 feet. Earlier Dynamic announced an alliance with this client to provide key components for several new deepwater projects. This is the first award under this alliance. Fabrication will be performed at Dynamic’s New Iberia facility. The project is scheduled to be completed by second half of 2017.
Jeff Clements, EVP & COO of Dynamic Industries, Inc. US Fabrication Division said, “This is a great opportunity for Dynamic, which will add to our backlog for the next 24 months and significantly increase local job opportunities. Dynamic appreciates this opportunity and looks forward to continuing into the next deep-water project with our client.”
As always Dynamic is committed to providing a quality project on time in a safe manner.
About Dynamic Industries, Inc.
Founded in 1985 as an offshore service company, Dynamic Industries, Inc. (www.dynamicind.com) is a major fabricator and a leading brownfield, hook-up and commissioning contractor in the Gulf of Mexico, West Africa, the Caribbean Basin, and Saudi Arabia.
About Dynamic Energy Services International, LLC
Dynamic Energy Services International LLC (DYNESI) an offshore service company. Headquartered in New Orleans, LA, DYNESI; through its four major business units, provides fully integrated EPCIM services globally to the upstream and downstream markets. (www.dynamicind.com)
