Neptune Marine Services secures new contracts

Neptune Marine Services Ltd has announced that it has successfully secured a range of new projects both in Australia and international markets valued at approximately US$25 million.

All scheduled for completion in the first half of FY2010, the projects include:

• A NEPSYS repair project for a new customer operating in the North Sea.
• Fabrication works out of the company’s Aberdeen workshops for an offshore project in Brazil.
• A range of diving and repair projects for several oil and gas projects in Western Australia and the Northern Territory.
• A one year extension of a Master Service Agreement for diving and repair works for an existing customer.
• Freespan rectification and grouting services in Iran and Australia.