Neptune Marine Services has won a 12-month contract extension from engineering firm Monadelphous Group for marine facilities inspection and maintenance work for an undisclosed amount.
Neptune Marine Services has won a 12-month contract extension from engineering firm Monadelphous Group for marine facilities inspection and maintenance work for an undisclosed amount.
Neptune said the work included a contract variation for a six-month inspection campaign.
“The expected revenue to Neptune resulting from the extension is approximately $10 million,” the company said in a statement.
Neptune will utilise its dive support vessel DSV Issabelle, and the Bhagwan Marine-owned MV Lauri J.
Chief executive Robin King said Neptune was entering its fourth year of work for Monadelphous.
Neptune shares closed 2.8 per cent lower at $1.38 per share.
