Neptune Energy awards £10m vessel services contract to Sentinel M…

03/08/2022

Neptune Energy today announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.

The contract, awarded following a competitive tendering process, will see Sentinel Marine continue to deploy its Multi Role, Emergency Response & Rescue (MRERR) vessel, Cygnus Sentinel, on the gas field. The vessel will also support an upcoming drilling campaign on the Cygnus field.

The Cygnus Sentinel's fuel-efficient, multi-role specification enables the vessel to provide both emergency response and platform supply services, thereby reducing costs and CO2 emissions, and maximising efficiency.

Neptune Energy's UK Country Director, Alan Muirhead, said: "The MRERRV has an essential role in supporting safe operations at Cygnus. Sentinel Marine has been supporting operations at Cygnus since 2014 and we are pleased to continue working together to maintain safe and efficient operations."

The contract includes two one-year extensions.

Cygnus partners: Neptune Energy (operator and 38.75%), Spirit Energy (61.25%)

- ends -

For media inquiries:
Gavin Roberts
[email protected]
+44 (0) 7704 308138

About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 130,000 net barrels of oil equivalent per day in 2021 and 2P reserves at 31st December 2021 of 604 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.

More information: www.neptuneenergy.com