Neptune Marine Services Limited (NMS) is pleased to announce it has been awarded a contract from MODEC to complete new works at the MODEC Venture 11 floating production, storage and offloading facility (MV11) in the Carnarvon Basin located 160 kilometres north of Karratha, WA. The contract will deliver revenue of approximately $6 million. Neptune will be using a vessel supplied by Singapore‐based Pacific Radiance Group to complete the job. Work is expected to be performed in January 2013.
Neptune Chief Executive Officer Robin King said it is an exciting contract for Neptune which demonstrates our ability to win work for major clients and deliver total engineered solutions for our clients utilising a number of our services. “It is also pleasing that we continue to develop our relationships with key service providers such as Pacific Radiance to deliver on work. We are pursuing follow on work for other clients in Australia.”
Neptune is a leading provider of services and integrated engineered solutions to the international oil and gas, marine and renewable energy industries. Its services include asset integrity, commercial diving, geophysical and geotechnical survey, manufacturing, testing and assembly, wet welding (including NEPSYS®), pipeline stabilisation and protection, remotely operated vehicles, subsea and pipeline engineering, surface and subsea positioning, and topside inspection, repair and maintenance.