Neptune secures new fabrication and ROV work scopes


Neptune Marine Services Limited (ASX: NMS - Neptune or the Company) 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).

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