Provider of engineered solutions to the oil and gas, marine and renewable energy industries Neptune Marine Services Ltd
(ASX:NMS) has been awarded new international contracts for some of the oil and gas industry’s leading operators.
The contracts span all of the world’s major geographical locations and include a combined services project off the Western Australian coast for Apache Energy.
Various pipeline stabilisation and free span rectification projects including that for the Pipeline Replacement 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, design and manufacturer of specialist subsea equipment for some oil and gas majors, and extended fabrication scope on the Pelamis Wave Power Eon Project in the UK that generates electricity from wave energy.
CEO Christian Lange says the new round of work, valued at more than $20 million, is indicative of the improving domestic and international oilfield service environment.
Neptune Marine Services pulled itself out of the red to post a profit in 2008 and then more than double it in 2009.
