Neptune Energy awards $6.5MM contracts for Cygnus gas facility

Neptune Energy announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering and Stork for $6.5MM.

Oceaneering will supply integrity management services covering pressure systems, structural, pipeline, erosion management and offshore inspection services. Oceaneering will work closely with Stork which will deliver fabric maintenance and scaffolding services for Cygnus, located in the UK Southern North Sea.

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

“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," said Neptune Energy’s UK Managing Director Alexandra Thomas. 

Cygnus is a crucial component of the UK North Sea energy infrastructure, capable of producing approximately 6% of UK domestic gas demand.

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