Neptune announces the commencement of a significant fabrication scope at its workshops in Stonehaven and Fordoun (Aberdeen, UK).
Valued at approximately £1million (AUD$1.56 million), the project involves the fabrication of specialist subsea structures and equipment and is anticipated to continue for six months.
Neptune’s Projects Manager, Graham Shearer , said, “ The recent awards illustrate that Neptune continues to successfully service what is a very competitive market by being the provider of choice, for a quality product, that is delivered on time.”
In other recent news, Neptune’s ROV (remotely operated vehicle) division has secured work on a range of projects in Brunei and Malaysia. Representing a combined duration of 250 days, the contracts are collectively valued at approximately £1.3 million (AUD$2 million).
This latest round of activity follows Neptune’s successful capital raising program that netted a total of AUD$65 million (£41.6 million).
About Neptune
Neptune is a specialist provider of engineered solutions to the international oil and gas, marine and renewable energy industries. The company has operations in Australia, the UK, USA, Asia and the Middle East, providing a range of innovative services including DP construction support vessels; subsea and pipeline engineering; offshore asset integrity management; ROV services; hydrographic surveying, positioning and geophysical services; commercial diving; specialist fabrication; pipeline stabilisation and grouting; NDT and inspection services; testing and assembly services; end to end project management; and the patented NEPSYS® dry underwater welding technology.
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Source:Neptune , March 31, 2011;