Australia: Neptune Signs Extension for Two Strategic Services Agreements

Neptune announces the recent extension to two of its strategic services agreements held with core clients.

The extensions take the agreements through to March 2012 for the provision of diving, survey, remotely operated vehicle (ROV) and engineering services. The extensions follow Neptune’s successful capital raising program that was completed on 10 March 2011.

About Neptune

Neptune is a specialist provider of engineered solutions to the international oil and gas, marine and renewable energy industries. The company has operations in Australia, the UK, USA, Asia and the Middle East, providing a range of innovative services including DP construction support vessels; subsea and pipeline engineering; offshore asset integrity management; ROV services; hydrographic surveying, positioning and geophysical services; commercial diving; specialist fabrication; pipeline stabilisation and grouting; NDT and inspection services; testing and assembly services; end to end project management; and the patented NEPSYS® dry underwater welding technology.

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Source: Neptunems ,March 22, 2011;