Neptune Marine targets oil & gas sector

May 2, 2006
Marine services company, Neptune Marine Services Ltd., plans to expand its operations into the oil & gas sector.

Offshore staff

(Asia-Pacific) - Marine services company, Neptune Marine Services Ltd., plans to expand its operations into the oil & gas sector.

Phase 1 of a two-phase growth program is already underway, and completion is expected within 18 months.

This phase will establish Neptune as a broad-based service provider in the Australian market, and expand the company's underwater welding technology, NEPSYS, internationally.

Phase 2 involves expanding the company's complete service model internationally.

In Australia, Neptune will establish a service model encompassing project management, underwater inspection, and non-destructive testing, underwater construction, maintenance and repair, and corrosion management.

In the short term, Neptune will continue to broaden demand for NEPSYS and underwater painting services by expanding into international markets, notably Asia and the Gulf of Mexico.

05/02/06