Neptune subsidary, Tri-Surv Geomatics win INPEX Ichthys contract
2008.06.10 -
Contracts
Leading engineering services company, Neptune Marine Services Limited (ASX: NMS) announces that its subsidiary, Tri-Surv Geomatics, has been awarded an offshore hydrographic survey contract worth more than AUD$8 million.
The scope of the project involves geophysical and geotechnical survey works on the Ichthys Gas Field Development located offshore Western Australia in the Browse Basin, approximately 440km north of Broome. The Ichthys Gas Field Development is operated by INPEX Browse, Ltd. a wholly owned subsidiary of Japan’s INPEX Corporation. Neptune’s Managing Director and CEO, Christian Lange, said the contract award was indicative of Tri-Surv’s reputable capabilities in the offshore hydrographic survey market
that was currently worth more than $3 billion annually.
“Our survey business continues to be a consistent performer that is already exceeding its annualised targets,” he explained. “The quality of service provided by the business is demonstrated in its blue chip client base and we are delighted to enter into this service partnership with INPEX as we continue to build on our recent expansion and establish complementary relationships
with oil and gas operators worldwide.
“This contract is the latest in a robust pipeline of opportunities that reflect the industry’s growing awareness of and demand for Neptune’s comprehensive suite of integrated services. It also reflects the high level of organic growth that is taking place across the
group and strengthens our position further following our $4.5 million vessel and ROV charter announced last week,” he added.
Preliminary work on the project will commence immediately and is anticipated to take approximately four months to complete.
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.
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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.
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