Neptune Marine Services Ltd (NMS) today announced that it has successfully secured a range of new projects both in Australia and international markets valued at approximately $25 million. All scheduled for completion in the first half of FY2010, the projects include A NEPSYS which is a repair project for a new customer operating in the North Sea , a range of diving and repair projects for several oil and gas projects in Western Australia and the Northern Territory, a one year extension of a Master Service Agreement for diving and repair works for an existing customer and a Freespan rectification and grouting services in Iran and Australia.
Neptune’s Managing Director and CEO, Christian Lange , said the current scope of new work ’s was particularly encouraging and further demonstrated Neptune high levels of organic growth that continued to be experienced both domestically and internationally. “The NEPSYS repair project in the North Sea is strategically important and further emphasizes ® increasing recognition that the technology’s cost effectiveness and success as a permanent repair solution is gaining among the energy companies and EPIC contractors that are operating in large international markets,” he said. “Similarly, the fabrication works for the project in Brazil provides us with the opportunity to establish ourselves with a new customer in a new market. Brazil’s burgeoning oil and gas industry holds a lot of potential for the ongoing international expansion of the Neptune group.” Mr Lange said the group’s strong pipeline of tendering opportunities in all markets was expected to deliver considerable upside.
Neptune Marine Services (NMS) is one of Australia’s leading providers of integrated solutions to the international oil and gas, marine and renewable energy industries. The company employs more than 600 people in Australia, the UK, USA and Asia and provides a full suite of innovative services including subsea and pipeline engineering; commercial diving; specialist fabrication; inspection, repair and maintenance; pipeline stabilisation and protection; ROV and vessel supply; hydrographic surveying and geophysical services; project management; rope access and tension netting IRM; and the patented NEPSYS ® dry underwater welding technology.
Tags: Neptune Marine Services, New contract, NMS, Oil and Gas
