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Nature Oil & Gas wins offshore service contract

7th Jul 2011 07:00

RNS Number : 9055J
Nature Group PLC
07 July 2011
 



NATURE GROUP PLC

("Nature or the "Group")

 

Nature Oil & Gas wins offshore service contract

 

Nature Group PLC (AIM: NGR), announces that its Norwegian subsidiary, Nature Oil and Gas AS ("Nature Oil & Gas"), has been awarded an initial service contract by North Atlantic Drilling AS ("Seadrill"). The contract with Seadrill is for the treatment of slop water onboard drilling ship West Navigator at the Shell operated Norwegian Ormen Lange Field. The on-site treatment and operations period is expected to take at least one month.

 

Nature will provide its "Compact Treatment Unit" (CTU) for an on-site waste water treatment solution. The Compact Treatment Unit is targeted to reduce on-site waste volumes with 90% and an effective treatment in accordance to Norwegian discharge criteria under 30ppm.

 

Nature Oil & Gas also expects that its periodic contract with Transocean Arctic Drilling rig will take place as planned at the end of August this year.

 

The systems proven capabilities and results together with the Seadrill contract demonstrate the acceptance of Nature CTU´s as a proven technology. Management expect this to lead to more service agreements and an increase in volumes in the near future. Nature Oil & Gas is currently expanding its CTU fleet, which will enable a swift and sustainable waste treatment solution for both onshore and offshore customers on a long term as well as a short term quick response basis.

 

For further information please contact:

Nature Group Plc

Richard Eldridge 

Chairman

Tel 0044 1841 533611

Bernard Muller

Deputy Chairman

Tel 0031 653 30 5775

Andreas Drenthen

CEO 

Tel 0031 181 291144

Peter Snell

FD 

Tel 0044 7000 892481

Northland Capital Partners

(Nominated Adviser)

Shane Gallwey

Tel 0044 2077 968823

Rod Venables

Tel 0044 2077 968827

WH Ireland

(Broker)

Sebastian Wykeham

Tel 0044 2072 200473

Ruari McGirr

Tel 0044 2072 201666

Hermes Financial PR

Chris Steele

Tel 0044 7979 604687

Trevor Phillips

Tel 0044 7889 153628

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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