Mermaid Maritime Wins Several Contract Awards Despite Challenging Business Environment

By Vessels

Mermaid Maritime Public Company Limited (Mermaid) announced on Thursday (Sept08) that Mermaid’s Eastern Hemisphere business unit, through its subsidiary Seascape Surveys (Seascape), has been awarded two additional subsea contracts in South East Asia with a total estimated potential contract value of USD 5.1 million.

DP2 Dive Support Vessel Mermaid Nusantara - Image courtesy: Mermaid Maritime

The first package of work involves the DP2 Dive Support Vessel Mermaid Nusantara together with heavy duty work-class ROVs for a 30 day project in the Natuna Sea, Indonesia, carrying out installation activities directly for an international upstream oil and gas company. The work on this first package is scheduled to start no later than the first quarter of 2017. The second package is to provide survey and inspection services to a third party diving vessel for approximately 45 days working in Malaysian territorial waters. The work on this second package has already started.

Mermaid also announced on Thursday that Mermaid’s Western Hemisphere business unit has been awarded a one (1) month work extension by a major EPC contractor in the Middle East for its DP2 Dive Support Vessel Mermaid Endurer, together with an additional standalone saturation diving support work equipment and services. The awarded extension has an estimated potential contract value of USD 1.8 million and has already commenced. 

Source: Mermaid Maritime