ABL GROUP ASA 18 April 2024 -OMV Petrom has awardedABL Group ASA's subsidiary ABL a sizeable(1) contract to provideMarine Warranty Survey (MWS) services for the construction ofRomania's Neptun Deep Gas Field Project in theBlack Sea . "This is a really significant project win for ABL inEurope , cementing our evolving operations in theBlack Sea , and in particular marking the growth of our most recent office opening in the region inRomania .The Neptun Deep Gas Field Development is both highly technical and a key energy infrastructure project for the wider European continent," saysReuben Segal , CEO ofABL Group . The Neptun Deep project is the largest natural gas project in theRomanian Black Sea . Production is expected to start in 2027, contributing to the region's energy security. ABL'sLondon operation has won the contract to provide MWS services to review, survey and approve all operations relating to the Transportation & Installation (T&I) of critical project assets for development of both Domino and Pelican South fields. ABL's scope of work includes the T&I of the shallow water platform, subsea installation at both fields including a 160 km subsea pipeline from the said offshore platform to the shore. The shallow water platform will be fabricated at yards inItaly andIndonesia . ABL's project management will be centralised inLondon , whilst much of the operational and on-site attendances will be delivered by ABL's localBlack Sea operations. ABL's wider global team will also support the project's global supply chain, including its Indonesian operations based inJakarta and Batam and its extensive European operations. "We are delighted to have the opportunity to offer our marine and engineering expertise to support the delivery of this project, as well as to utilise our global footprint to support the project's global supply chain," adds Segal. The contract was included inABL Group's reported order backlog in Q4 2023. ABL, which is part ofOslo -listedABL Group ASA , is an independent energy and marine consultancy specializing in solutions to de-risk and drive the energy transition across renewables, maritime and oil and gas sectors. (1)ABL Group defines as sizeable contract to be betweenUSD 1 and 3 million. ENDS For further information, please contact: Investors and financial media:Stuart Jackson , Chief Financial Officer,ABL Group ASA Email: stuart.jackson@abl-group.com Other media enquiries:Endre Aaberg Johansen Tel: +47 41 61 06 05 Email: endre.johansen@corpcom.no AboutABL Group ABL Group (OSE:ABL Group ASA - ticker code "ABL") is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil and gas sectors. The group has offices in 42 countries worldwide and operates under four main brands: ABL, OWC, Longitude and AGR.
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