Neptune Energy exercises the first option on ISS Contract!

Neptune Energy has exercised its first option! The ISO contract was awarded in December 2018 for deliveries within insulation, surface and scaffolding on the Gjøa platform and possible assignments for other licenses the company has and obtains. The agreement had a duration of 3 years with an option for two two-year extensions.

Read more about the contract signing here:

New STS contract improves future prospects

This means that the contract runs for another two years with the possibility of an additional 2-year extension!

We are very happy for the trust Neptune Energy shows us and thank everyone who has stood up to get this contract and for all you fantastic employees who have shown Neptune Energy that StS is a supplier with the right expertise and the right attitudes!

Read more about the feedback we received in connection with a six-month review at Neptune Energy:

Feedback from Neptune Energy- GJØA

We receive positive feedback from the project with regard to HSE which is excellent. There is generally a high level of well-being on Gjøa, and this also spreads to other projects and probably contributes to good HSE results.

Read more about the Duva and Nova project for Neptune and Rosenberg here:

DUVA AND NOVA PROJECT

About GJØA

The Gjøa field was proven in 1989, and a PDO was delivered and processed by the Norwegian authorities in 2007. The field has been developed with five seabed frames connected to Gjøa, a semi-submersible production platform, for processing and export. Production started in 2010. Oil is exported by pipeline to Mongstad and gas by pipeline to St. Fergus in the United Kingdom. The Gjøa P1 segment is located in the northern part of the field. License partners are: Neptune Energy Norge AS (30% and operator), Petoro AS (30%), Wintershall Norge AS (20%) OKEA AS (12%) and DEA Norge AS (8%).