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Neptune Inks Ichthys Rig Positioning Deal with INPEX

Neptune Inks Ichthys Rig Positioning Deal with INPEX

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02 October 2014

Neptune Marine Services Limited has been awarded a framework agreement by INPEX for the provision of Neptune’s range of specialist services.

Under this agreement, Neptune has been awarded a 40 month rig positioning and survey services contract for the Ichthys LNG Project, offshore Australia.

The services are scheduled to start in November/December 2014, and are expected to generate revenue of approximately USD$3.5 million. Neptune services provided as part of this initial contract include; rig positioning, tug positioning, anchor placement utilising Neptune’s proprietary NepSMART systems and Long Base Line (LBL) subsea positioning.

Neptune will also deploy its NepCat 3D Catenary Visualisation package as a component of the rig positioning campaign. Neptune Chief Executive Officer, Robin King, said "following the recent award and completion of a number of scopes of work by Neptune businesses on the Ichthys project, it is pleasing to be awarded this important framework agreement which will allow for our continued involvement in this key resource development project”.