15 Jun 2017 14:37
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
NATURE GROUP PLC
("Nature Group" or the "Company")
Update on Oil & Gas Contract
On 22 December 2016, Nature Group announced a significant contract with an international oil company for the deployment of multiple treatment units on two rigs in the Central North Sea. Maersk Gallant, who is currently on contract with Maersk Oil, with whom Nature Group has contracted, has provided the following update in relation to one of the locations:
"Maersk Gallant is currently on contract with Maersk Oil, performing plug and abandonment operations of the Leadon and James subsea fields in the UK sector of the North Sea. However, in agreement with Maersk Oil, this campaign will be put on hold while the drilling of the Glengorm well is ongoing for Nexen. Following the drilling campaign for Nexen, Maersk Gallant will return to complete the plug and abandonment operations of the Leadon and James fields in April 2018"
For further information:
Nature Group PLC |
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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 |
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Cenkos Securities plc |
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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 |
Notes to Editors
About Nature Group
Nature Group combines port reception services and facilities, offshore treatment services and the latest sustainable waste treatment technologies in a steadily growing global network. Nature Group is traded on the AIM market, (ticker: NGR). www.ngrp.com