NEPTUNE SIGNS FRAMEWORK AGREEMENT WITH BP UKPERTH, Western...

NEPTUNE SIGNS FRAMEWORK AGREEMENT WITH BP UK
PERTH, Western Australia: Neptune Marine Services Limited (ASX: NMS, Neptune or the Company)
is pleased to announce the signing of a framework agreement with BP in the UK to provide subsea
engineering services and support. This contract is a significant milestone for Neptune in the UK,
signifying the first agreement of this kind with a major subsea operator in the region.
The agreement provides BP with access to a rapid and flexible response, and to Neptune’s full suite
of integrated engineered solutions which include; conceptual and detailed engineering and analysis;
manufacturing, assembly and testing; and offshore engineering support.
The agreement provides a solid foundation for further growth of Neptune’s business with BP in the
North Sea, Atlantic, Caspian and other key regions. It is the culmination of a long standing
relationship between the companies and is a clear illustration of the interest in Neptune’s integrated
engineered solutions by the oil and gas industry. Neptune is currently in discussions with other
clients regarding similar agreements.
Furthermore, the agreement is a continuation of Neptune’s strategy of securing long-term contracts
in key geographical regions and strengthening relationships with major clients.