ROVworld Subsea Information

Neptune secures new fabrication and ROV work scopes
Date: Thursday, May 05, 2011 @ 14:00:00 EDT

Neptune secures new fabrication and ROV work scopesNeptune is pleased to announce the commencement of a significant fabrication scope at its workshops in Stonehaven and Fordoun (Aberdeen, UK).

Valued at approximately £1million (AUD$1.56 million), the project involves the fabrication of specialist subsea structures and equipment and is anticipated to continue for six months.

Neptune's Projects Manager, Graham Shearer, said: "The recent awards illustrate that Neptune continues to successfully service what is a very competitive market by being the provider of choice, for a quality product, that is delivered on time."

In other recent news, Neptune's ROV (Remotely Operated Vehicle) division has secured work on a range of projects in Brunei and Malaysia.

Representing a combined duration of 250 days, the contracts are collectively valued at approximately £1.3 million (AUD$2 million).

This latest round of activity follows Neptune's successful capital raising program that netted a total of AUD$65 million (£41.6 million).

This article comes from ROVworld Subsea Information

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