22 Dec 2016 12:01
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 1st January 2017 for a period of 5 years. The overall contract value is estimated to be at least £5 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, CFO | Tel: +31 6138 207 80 |
Berend van Straten, Chairman | Tel: +31 6268 056 05 |
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 |