Nature Group PLC Significant Oil & Gas Contract Win (6299S)
December 22 2016 - 7:01AM
UK Regulatory
TIDMNGR
RNS Number : 6299S
Nature Group PLC
22 December 2016
This announcement contains inside information
NATURE GROUP PLC
("Nature Group" or the "Company")
Significant Oil & Gas Contract Win
22 December 2016
Nature Group PLC (AIM:NGR) the provider of port reception
facilities and waste treatment solutions for the oil, marine and
process industries, is pleased to announce that its Oil & Gas
division has been awarded a major contract by an international oil
company ("IOC") for the provision of containerised slop-treatment
units in the Central North Sea.
The contract is for the deployment of multiple treatment units
and will commence on 1(st) January 2017 for a period of 5 years.
The overall contract value is estimated to be at least GBP5
million.
Jan Vesseur, Chief Executive Officer of Nature Group plc,
commented:
"Having broadened our sales focus from rig owners to include
IOCs, we are very pleased to be awarded this contract by one of the
major operators in the North Sea. This agreement reinforces the
benefit of offshore slop treatment in existing and mature oil/gas
fields and, with such a major oil company leading the way in the
North Sea for sustainable, safe and clean waste management,
selecting Nature Group to provide this service underlines that our
units are best in class both technically and commercially.
The Oil and Gas industry is experiencing difficult times and to
win this major assignment in the current extremely competitive
market environment is a big compliment for our product line and
service".
For further information contact:
Nature Group PLC
Jan Vesseur, CEO Tel: +31 6462 878 96
Maarten Smits, Tel: +31 6138 207 80
CFO
Berend van Straten, Tel: +31 6268 056 05
Chairman
Cenkos Securities
plc
Neil McDonald Tel: +44 (0)131 220 9771 /
+44 (0)207 397 1953
Beth McKiernan Tel: +44 (0)131 220 9778 /
+44 (0)207 397 1950
Nick Tulloch Tel: +44 (0)131 220 9772
This information is provided by RNS
The company news service from the London Stock Exchange
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