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Nautilus to wet test sea apparatus

Staff Reporter | 4:26 AM |
NAUTILUS Minerals Inc has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s seafloor production equipment and storing the equipment as it is delivered from various suppliers prior to integration onto the company’s production support vessel.

The Canadian miner in its market report said the first of the equipment to be tested will be the three seafloor production tools.

The SPTs are due for delivery from the Soil Machine Dynamics facility in Newcastle upon Tyne early in 2016.

Each machine is undergoing rigorous commissioning and factory acceptance testing which has been conducted in dry conditions on land.

Once delivered, the SPTs will undergo extensive wet testing at Duqm Port in Oman which is designed to provide a submerged demonstration of the fully assembled SPTs and will involve submerged testing of:

Control systems operations and feedback;
Hydraulic functions;
Collection system functions; and
Survey and visualisation systems.
On completion of the wet testing, the SPTs will be stored at UES facilities in Duqm, Oman, for preservation and maintenance until integration on the PSV which is expected to occur in 2017.

The company’s chief executive officer Mike Johnston said: "It is very exciting to have the SPTs all fully assembled as we prepare for wet testing.

"We appreciate the ongoing support from our largest shareholder, MB Holding Company LLC, who is assisting us with the wet testing and provision of storage facilities in Oman.

"We look forward to the next phase of development to wet test our equipment as we work towards commencing our seafloor operations in Q1 2018," he said.

UES is a wholly-owned subsidiary of MB Holding Company LLC which holds, directly or indirectly, approximately 27 per cent of the company’s issued and outstanding shares and has two nominee directors sitting on the company’s board namely-Mohammed Al Barwani and Tariq Al Barwani.

In addition to catering to the fields of oil & gas and power generation and water, UES has successfully integrated into the fields of mining, marine and defence.

UES has operations in over 22 countries worldwide and over 6000 employees.