Cape plc, an essential industrial services provider focused on the energy and natural resources sector, revealed Friday the award of a new contract for its subsidiary, Cape Papua New Guinea Limited (Cape PNG). The contract was awarded by Oil Search (PNG) Limited (Oil Search), an oil and gas exploration and production company that has been operating in Papua New Guinea since 1929.
The scope of work encompasses a full suite of Cape’s services on the Kumul Marine Terminal, offshore Papua New Guinea. The contract will last for seven months, commencing imminently and should conclude by the end of the calendar year.
This contract represents the latest collaboration between Cape PNG and Oil Search and further extends a relationship between the two companies. Oil Search, which operates all of PNG’s currently producing oil fields and is a joint venture partner in the $19 billion PNG LNG Project, has been using Cape PNG’s services to provide labor and equipment to support maintenance of onshore assets and facilities for over two years.
Commenting on the award of this new contract, Mike Harding, Cape’s regional director said:
“I am pleased to announce that Cape PNG Ltd has recently secured a seven-month General Services Agreement from Oil Search. Securing this contract is a major achievement which highlights our client’s satisfaction with the services we have provided them to date, and also signifies our long-term goals to further expand our ongoing operations in PNG.
“We look forward to working closely with Oil Search on this contract and supporting them in continuing to deliver our services on time and safely.”
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