Augean Plc Partnership with Forth Ports Dundee
November 14 2016 - 2:00AM
RNS Non-Regulatory
TIDMAUG
Augean Plc
14 November 2016
Augean PLC
("Augean" or "the Group")
Augean North Sea Services to open specialist Decom Waste
Management Hub at the Port of Dundee
Augean plc, one of the UK's leading specialist waste management
businesses, is pleased to announce that Augean North Sea Services
(ANSS), as part of its strategic development, has today announced
it has entered into a partnership with Forth Ports Dundee to
establish a state of the art facility in Dundee for the management
of waste arising from the decommissioning of offshore equipment.
This facility will enhance the opportunity for Augean to service
the growing North Sea decommissioning market, a multi-billion pound
programme decommissioning hundreds of offshore assets which is
expected to be active for over 20 years.
ANSS provides innovative solutions to manage materials derived
from North Sea oil & gas exploration, production and
decommissioning activities. The business unit is opening a new
25,000 square feet material transfer facility at the Port of
Dundee. The facility, opening in early 2017, will enable the port
to offer an integrated service to the emerging decommissioning
market and will offer best in class infrastructure and operating
techniques
The capability offered by ANSS combined with Forth Ports' new
ultra-heavy lift decommissioning quayside is a significant
milestone in bringing large scale decommissioning to Scotland. The
new quayside and facility will be fully operational by the end of
2017 offering an unrivaled decommissioning solution.
Simon Gibb, Managing Director of Augean North Sea Services,
said: "We are delighted to be working with the Port of Dundee to
provide onshore disposal and waste management services for
decommissioning projects at this excellent facility. This is fully
in line with our strategy of providing complete waste services for
the North Sea and follows successful completion of our first
decommissioning projects in 2016."
Charles Hammond, Chief Executive of Forth Ports, said: "This is
another significant announcement for the Port of Dundee and we
welcome Augean to the port. This new waste management facility,
coupled with our multimillion pound investment in a new quayside,
is important for the port which is ideally placed to service the
immediate needs of the North Sea oil & gas, decommissioning
sector. The port's proximity to the skill base in Dundee along with
unrivaled land space and quayside strength makes it the logical
choice for large scale decommissioning in Scotland."
Dr Stewart Davies, Chief Executive of Augean plc, said "This is
an exciting development in our previously announced strategy of
positioning Augean North Sea Services for the growing North Sea
decommissioning market. This is not expected to have a material
impact on the results for the current financial year or 2017."
For further information, please contact:
Augean plc
Dr Stewart Davies, Chief
Executive Officer
Richard Laker, Group Finance
Director 01937 844980
FTI Consulting
Oliver Winters
Fiona Walker 020 3727 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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