Neptune Energy awards Cygnus contracts worth £4.8 million

Neptune Energy's Cygnus Alpha platform
Neptune Energy's Cygnus Alpha platform

NEPTUNE Energy today announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, in the Southern North Sea, to the value of around £4.8 million.

Oceaneering will supply integrity management services covering pressure systems, structural, pipeline, erosion management and offshore inspection services.

The Houston-headquartered service company will work closely with Stork which will deliver fabric maintenance and scaffolding services.

The contracts have been awarded under a three-year agreement, with two one-year options to extend.

Alexandra Thomas, Neptune Energy’s UK managing director, said: “2020 was an exceptionally challenging year for our industry, given the impacts of the COVID-19 pandemic and lower commodity prices, and those within the North Sea’s world-class supply chain have been among those hardest hit.

“We are pleased to be awarding these contracts to Oceaneering and Stork which demonstrates our commitment to supporting service partners and to maximising efficiency. Combining the scopes of work for our Cygnus production facility within a broader agreement creates additional synergies and reduces complexity.”

Cygnus is capable of producing approximately 6% of UK domestic gas demand.

Crawford Tennant, Oceaneering’s director of Integrity Management and Digital Solutions (IMDS) Europe, said: “Oceaneering is delighted to win this integrity management services contract from Neptune, expanding our existing scope of work.

“We look forward to working with the Cygnus team to deliver the high-quality integrity services and technologies necessary for Neptune to achieve their asset reliability and efficiency goals.”

Steve Hunt, Stork’s regional director in the UK, said: “We are delighted to have secured this key industrial services contract with Neptune Energy and look forward to further growing our relationship and working closely with our valued client and partner.

“We are committed to supporting Neptune and confident we will continue to deliver the highest quality and standards of work, whilst maximising on efficiencies in support of daily operations.

“It has been a challenging year for the industry and our global communities; to be awarded this contract demonstrates our place in the supply chain, as well as a true reflection of Stork’s dedication to being a trusted service partner to Neptune.”

 

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