Australia, Industry News

Neptune wins $14M NEPSYS projects in GOM

The company said the projects, which will utilise the company’s patented dry underwater welding technology NEPSYS, included repairs to an oil platform jacket leg and a column-to-mat connection on a cantilever mat rig.A team of 10 welder/divers, 12 construction/inspection divers and tenders, two dive supervisors and one project superintendent is expected to take 60 days of 24-hour operations to complete repairs to the oil platform jacket leg.A smaller team of about 10 workers will carry out work on the column-to-mat connection repair, which is expected to take about 10-14 days to complete. NEPSYS US operations manager Richard Campbell said the project awards emphasised the company’s ability to provide inspection, repair and maintenance solutions that could be customised to meet specific client requirements. Neptune managing director and chief executive Christian Lange said the projects were an indication of the significant interest that the NEPSYS technology was generating globally. “Having been successfully applied to projects in the major geographic regions of Australia, Asia, North America and Europe, the cost-effectiveness, permanency and ultimate quality of the NEPSYS solution has resulted in a solid pipeline of international proposals and tenders, such as those evidenced in these latest projects,” he said.“The proven ability of the technology to provide an independently approved repair or refurbishment solution with significant time and cost savings is a major consideration for operators in the oil and gas industry, particularly in times of economic uncertainty. “Encouragingly for Neptune, the current high level of activity within the NEPSYS business unit is reflected across the group that is not witnessing any downturn in light of current market conditions.”

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