Mermaid Maritime Public Company Limited (Mermaid) announced Thursday last week that its Singapore wholly-owned subsidiary has recently been awarded a subsea contract with an estimated value of USD 5 million.
The contract award, with work scheduled to commence in the third quarter of 2017 and to be completed in the fourth quarter of 2017, will involve use of a Company owned ROV support vessel and a chartered-in ROV support vessel with air diving systems, dredging equipment and concrete coating removal equipment to carry out an air diving job to clamp and repair a 48" pipeline and to change-out SBM hoses offshore Singapore for an international upstream oil and gas company.
Source: Mermaid