Cosalt: Inks 2 One-Year Contracts Worth Up To GBP3 Million With Acergy
January 20 2011 - 2:49AM
Dow Jones News
Cosalt PLC (CSLT.LN), a provider of lifting, tooling and marine
services to the Offshore Oil & Gas and industry, said Thursday
it has concluded agreements with Acergy to provide all lifting
services it requires in the U.K. and Norwegian sectors of the North
Sea.
MAIN FACTS:
-The two one-year contracts are worth up to a total of GBP3
million in the U.K. and Norway at present and there is scope for a
further increase in the workload over the coming months.
-The deals involve Cosalt Offshore providing a total management
service in addition to product supply to fulfill all of Acergy's
subsea lifting equipment requirements.
-The subsea lifting service includes full project management
from the storing of equipment such as mechanical handling gear and
shackles, then full stripdown and preparation for use as required,
right through to providing experienced vessel inspection engineers,
advice and assistance in compliance matters globally.
-Shares closed Wednesday at 4.1 pence.
By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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