Neptune Bags Repsol Sinopec Deal

Neptune has won a framework agreement with Repsol Sinopec Resources UK (Repsol Sinopec).

The deal will see Neptune supply a range of ad hoc engineering and manufacturing services on behalf of the operator, in addition to the detailed maintenance of all Repsol Sinopec subsea equipment in the UK Continental Shelf (UKCS).

The agreement, which is for an initial two years with an optional one year extension, will also include offshore support from Neptune, along with further consideration of its ROV services should they be required.

The contract is a non-exclusive agreement and will be operated on a call-off basis, the company said.

Kevin Stephen, Neptune’s operations and business development director for Europe, Mediterranean and Africa, said: “This framework agreement with Repsol Sinopec Resources UK is a significant win for the Neptune team and we’re looking forward to developing our relationship with the company further in the weeks and months ahead.

“We’ve worked with Repsol Sinopec on an ad hoc basis previously and this award is a testament to the skilled and talented workforce we have here in the North-East and we’re confident we can enhance this good reputation further.”

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