Neptune wins Asian contract for NEPSYS technology

Neptune Marine Services has secured an Asian contract for the NEPSYS dry underwater welding technology.

Offshore staff

PERTH, Australia -- Neptune Marine Services has secured an Asian contract for the NEPSYS dry underwater welding technology. The contract involves the installation of two sleeves to strengthen a jacket leg on a platform located in 240 ft (80 m) of water in the southern Gulf of Thailand. The installation will increase the maximum topside load of the platform to incorporate new accommodation facilities.

Neptune expects to begin work in April following the completion of habitat design, fabrication and testing; welding procedure preparation; and international class approvals to ABS standards. The NEPSYS welding phase of the project is expected to take approximately two weeks during which Neptune will work in partnership with Mermaid Offshore Services Ltd. as prime contractor to Chevron Thailand Exploration and Production Ltd.

"The portability of the technology ensures it can achieve a permanent repair solution in situ that is extremely cost effective, equal to dry weld standards and internationally class approved," said Neptune's managing director and CEO, Christian Lange. "On projects such as this where topside loads are increased, critical structural components on the jacket substructure sometimes require reinforcement and the NEPSYS welding technology is perfectly suited to this purpose."

02/11/2008

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