DeepFlex Inc. Riser Solutions Complete Two Years of Successful Operation in Demanding Dynamic Service for Afren Okoro Setu

HOUSTON, Sept. 10 /PRNewswire/ -- DeepFlex's all-composite flexible pipes have been successfully operating for over two years in demanding dynamic service on the Afren Okoro Setu project offshore Nigeria.  The field architecture for Okoro Setu includes a wellhead platform connected to an FPSO with DeepFlex flowlines and dynamic risers.  

The four-inch, six-inch and eight-inch dynamic risers connected to the FPSO are operating in a double wave riser configuration in 19 meters of water.  Production at Okoro Setu has averaged 17,841 bopd and total gross cumulative production from the field (since start-up) at 30 June 2010 is 11.4 mmbbls. During this period a process uptime of 99.6% was maintained, reflecting the excellent operational efficiency of the DeepFlex flowlines and risers.

Michael C. Kearney, DeepFlex President and CEO stated, "This application confirms the fact our flexible composite production pipe solution is robust and fatigue resistant.  We are very pleased our customer, Afren plc has experienced a 99.6% uptime in their primary producing field, which is a major accomplishment considering the extreme dynamic environment.  The performance of DeepFlex pipe in this project validates the use of composite materials and our proprietary pipe design in an offshore production environment."

About DeepFlex Inc.

Headquartered in Houston, DeepFlex designs, manufactures and deploys premium composite flexible pipe used in the global subsea oil and gas production environment.  As the world's only manufacturer of unbonded non-metallic pipe for deepwater applications, the patented DeepFlex products are lighter, less costly to install, and do not suffer the corrosive effects of harsh environment service. The Company's principal investors include Energy Ventures; Chevron Technology Ventures, a unit of Chevron Corporation; Altira Group; Nomura Clean Technology Ventures, a unit of Nomura International; Heico Holding; Promon International and Robeco Alternative Investments, a unit of Rabobank.  

For more information on the products and services provided by DeepFlex, visit the company's web site at www.deepflex.com.

SOURCE DeepFlex Inc.

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