West Perth-based dry welding company Neptune Marine Services Ltd has secured over $10 million in new projects, the company announced today.
West Perth-based dry welding company Neptune Marine Services Ltd has secured over $10 million in new projects, the company announced today.
The full text of a company announcement is pasted below
Leading engineering services company Neptune Marine Services Limited (ASX: NMS) today announced that it has secured over $10 million worth of new projects in the oil & gas sector in both domestic and international markets. Some projects include:
- An integrated fabrication, engineering, diving and project management contract for Apache Energy for works on one of their offshore production assets on the North West Shelf, Western Australia;
- Fabrication of subsea spools for Woodside Petroleum Limited's Vincent and Enfield projects, Western Australia;
- An underwater welding project utilising NEPSYS for Italian energy company Eni S.p.A. in the Gulf of Mexico, United States;
- Diving services for integrated energy company ConocoPhillips in the Timor Sea;
- Engineering and design works for subsea pipelines and manifolds for Coogee Resources
- Pipeline engineering for the Origin/Technip alliance to complete for the Kupe Field Development, New Zealand.
- Fabrication of Main Line Valve (MLV) assemblies incorporating the installation of loop's 9 & 10 for Alinta's Dampier to Bunbury gas transmission pipeline.
Neptune's Managing Director Christian Lange said, "These new projects are encouraging and illustrate that our businesses continue to expand their operations, customer base and pipeline of work as part of Neptune. The four businesses we have acquired to date have been integrated into Neptune and are performing well.
"Of particular significance is the integrated project encompassing fabrication, engineering, diving and project management services. This is a major achievement for Neptune as it indicates that our businesses are working well together and delivering integrated solutions for customers. We expect this demand to continue as our customers look to streamline their organisations and improve operational efficiencies.
"The hydrocarbon market remains a priority for Neptune. It is pleasing to note that we are securing new projects in both the domestic and international oil and gas markets. The NEPSYS project in the Gulf of Mexico, our third to date, strengthens our presence in this
important market and provides the foundation to broaden our range of services to customers in that region," Mr Lange said.
Mr Lange added that Neptune's pipeline of bidding opportunities remains strong, with tenders currently being evaluated for oil & gas projects in Australia, The United States, The North Sea, Middle East and South East Asia.
