Neptune Energy Group Holdings Ltd.

07/21/2021 | Press release | Distributed by Public on 07/21/2021 01:41

Neptune Energy awards Cygnus subsea inspection contract


Neptune Energy today announced the award of a subsea inspection contract for its operated Cygnus gas field in the UK southern North Sea to leading Geo-data specialist, Fugro. Fugro will use advanced inspection technologies, enabling data processing to be carried out onshore, reducing time and costs.

As part of the contract, Fugro will employ its specialised survey technology to inspect the subsea infrastructure, including pipelines and structures, and to undertake survey activities in advance of future drilling campaigns on the Cygnus field.

Traditionally, data processing would be carried out by a team offshore; however, this will be carried out from Fugro's Remote Operations Centre in Aberdeen, reducing costs and time associated with offshore travel.

Neptune's Managing Director for the UK, Alexandra Thomas, said: 'It's crucially important to ensure the integrity and maintenance of subsea infrastructure and we are pleased to be awarding this contract to Fugro to help us achieve the highest standards of inspection.

'By deploying Fugro's innovative digital technologies, we can support safe, efficient and reliable operations remotely.'

Daniel Jones, Fugro's Director IRM Services for Europe and Africa, said: 'Fugro is delighted to again be working with Neptune Energy in support of their subsea integrity management.

'By using our ROC in Aberdeen, we can complete these scopes from onshore while maintaining our high standards of data collection.'

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

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About Neptune Energy Group
Neptune Energy is an independent global E&P company with operations across the North Sea, North Africa and Asia Pacific. The business had production of 142,000 net barrels of oil equivalent per day in 2020 and 2P reserves at 31st December 2020 of 601 million barrels of oil equivalent. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.
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