Posted on 05.05.2011 - 13:00 EDT in GENERAL NEWS by Rons_ROV_Links
Neptune 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).