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December 19, 2009 at 5:47 am #3181meParticipant
Guys
Have heard they have no work at all, no contract in house, true ❓
Heard they started out alright 😕December 19, 2009 at 11:22 am #25853Rons_ROV_LinksParticipantNot true.
December 19, 2009 at 2:43 pm #25854JoelParticipantActually I believe it is true. Both vessels idle and not one ROV working at the moment.
December 19, 2009 at 3:34 pm #25855meParticipantwhat work do they have Ron
December 19, 2009 at 4:43 pm #25856rigwashParticipantBring back Joel – Bert
December 19, 2009 at 5:34 pm #25857Rons_ROV_LinksParticipantwhat work do they have Ron
– Mulit services award from ConocoPhillips Australia Pty Ltd
– Neptune Marine Services Ltd has signed a three year contract with Shell UK
– A combined services project off the West Australian coast for global exploration and production company, Apache Energy.
– Various pipeline stabilisation and free span rectification projects including that for the Pipeline Replacement Project 2 being carried out by Leighton International for India’s Oil and Natural Gas Corporation.
– A range of inspection and maintenance support services on Australia’s North West Shelf including a five-year program of inspection services for a leading FPSO operator.
– Design and manufacture of specialist subsea equipment for some of the oil and gas industry’s major multinationals.
– Extended fabrication scope on the Pelamis Wave Power Eon Project in the UK that generates electricity from wave energy.http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=NMS
December 19, 2009 at 7:37 pm #25858meParticipantGuys
Some jobs are old and done most are not ROV related, Neptune is more than ROVDecember 20, 2009 at 7:35 am #25859SeanParticipantI thought i read in the news that they were awarded a couple of projects in the recent weeks..one from Shell in the North Sea if i’m not mistaken
December 21, 2009 at 9:13 am #25860tiger1969ParticipantAfter Joel left no work was really picked up by NEPTUNE. Been with them since mid 09 and only had one swing with nothing in the wind till next year. You know it’s tough when the Op’s manager says to look elsewhere if you need some work.
Hopefully things go well next year……December 22, 2009 at 2:57 pm #25861SeanParticipanti guess what you mean is ROV intervention related work…. from the news released, there seems to be a number of jobs
December 23, 2009 at 9:37 pm #25862kangarooParticipantLooks like they just picked up some work:
December 29, 2009 at 10:47 pm #25863baglimitParticipantNeptune Wins $20m Combined Services Contract in Qatar
Perth, Western Australia: Neptune Marine Services Ltd (ASX: NMS) today announced that it has been awarded a major subsea inspection contract from Qatargas Operating CompanyLimited (Qatargas ), one of Qatar’s leading producers of liquefied natural gas (LNG).
The three year multi‐million dollar contract involves the inspection of Qatargas platforms, offshore pipelines and subsea connection facilities located within the Arabian Gulf.
Under the terms of the contract, Neptune will provide a dynamically positioned (DP II) vessel bundled with a range of services including ROVs, hydrographic survey, diving and pipeline stabilisation. The scope of work illustrates the intrinsic value of Neptune’s ability to provide clients with specifically customised and project managed solutions.
Neptune’s Managing Director and CEO, Christian Lange, said the contract represented a significant step forward in the strategic direction of the business.
“This is a major contract for Neptune and we are delighted to be partnering with Qatargas which is one of the world’s leading LNG companies,” he said.
“This project not only strengthens our credentials with the LNG producers; it illustrates that Neptune’s growth strategy is delivering on a number of fronts.
“Firstly, it reflects our focus on building and expanding our capabilities in the areas of inspection repair & maintenance (IRM) and construction support across the major offshore provinces.
“Secondly, it represents our first major project in the Middle East – a region we have identified as a growth market.
“Qatar has a strong economy in which we see significant growth potential over the longer term. Similarly, Qatargas’ recent expansion plans will see it exporting 42 million tonnes ofLNG by 2010, and Neptune is well placed to benefit from its relationship with Qatargas and other producers in the region.
“Thirdly, the longer term nature of this project helps Neptune build more stable and predictable revenue streams that complement our ongoing flow of shorter term projects,” he added.
The project is expected to commence early in the New Year contributing further to Neptune’s revenue and earnings in the second half of FY2010. -
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