TWMA wins seven-figure contract with Neptune Energy

A worker at TWMA's Peterhead facility.
A worker at TWMA's Peterhead facility.

Oilfield service firm TWMA has won a contract worth at least a million pounds with Neptune Energy in the latest in a series of awards this year.

The seven-figure contract will see the Aberdeen-headquartered company carry out waste management of process drill cuttings for the firm, including at the Cygnus gas field.

It comes following a £5m deal with Apache in July, which followed work being awarded by Total, Decipher Energy and Nexen.

The three-year deal Neptune deal will “further expand” the firm’s North Sea presence.

TWMA will use its TCC Roto Mill technology which it said will “significantly reduce” costs for skip and ship from the field.

Drilling waste will be transported to a processing facility in Peterhead.

Gareth Innes, chief commercial officer of TWMA, commented: “We are extremely pleased to partner with Neptune Energy and further expand our presence in the North Sea. This contract underpins our strong capabilities and strengthens the foundations for our continued growth both in the UK and overseas.

“The use of our TCC RotoMill technology allows us to deliver significant cost savings per well of up to 40%, compared to the traditional skip and ship method.

“We look forward to working with Neptune Energy and demonstrating to them how offshore processing of drill cuttings can bring massive benefits in both cost savings and environmental impact.”

Cygnus is the largest single producing gas field in the UK, contributing up to 8% of UK production.

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