Neptune get work for its new ROV Supporter
2008.06.05 -
Contracts
Leading engineering services company Neptune Marine Services Limited (ASX:NMS) has signed a letter of intent (LOI) for the charter of its newly acquired DP1 capable construction support vessel, the MV Neptune ROV
Supporter.
Valued at AUD$4.5 million, the project involves pipeline survey and general construction support activities in South East Asia for a major international oil and gas EPIC (Engineering, Procurement, Installation and Commissioning) contractor based in
Singapore.
It also represents the integration of Neptune’s new vessel supply and ROV (remotely operated vehicle) operations into a package that will be tailored to meet the specific requirements of the project. All ROV support works will be carried out using Neptune’s
new Swift XL Work Class ROV system that will be permanently fitted to the vessel. Scheduled for early August, the initial charter is 120 days, however there is strong potential for further extension.
Managing Director and CEO of Neptune Marine, Christian Lange, said the LOI was indicative of the vital role that vessel access had to play in the delivery of the company’s integrated services model. “It confirms that our vessel supply and ROV strategies will be major growth drivers for the company into the future as the demand for these services continues to outstrip
supply,” he explained. “Projects of this nature are a better reflection of the type of work that Neptune is now securing - they are much greater in scope and value and they deliver stable, recurring revenue over longer time frames. “Complementing this is our pipeline of future project opportunities that is at a record level as the awareness of and demand for Neptune’s integrated services increases across the oil and gas market.”
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
