Mermaid clinches ROV services job in Thailand

Mermaid Offshore Services Ltd. has been awarded a call off contract for subsea remotely operated vehicle (“ROV”) services in Thailand serving major upstream oil and gas operators.

Mermaid clinches ROV services job in Thailand
The contract award has an estimated value of USD 19 million for an initial period of 2 years. The contract, which provides for Mermaid to serve customers in the Gulf of Thailand, requires the use of 2 ROV support vessels simultaneously and will utilize ‘Mermaid Sapphire’ and a vessel of opportunity. The duration of the contract is approximately 75 days for each vessel through 2016.

Mermaid Sapphire is a purpose-built ABS Classed DP2 ROV & air diving support vessel built in 2009, designed for operation of dual deepwater work-class ROV’s (Quasar Compact or Triton XLX) plus optional inspection-class ROV. The ROV’s are installed on a dedicated raised deck level, leaving all back deck space for project equipment. Mermaid Sapphire is also equipped with state-of-the-art subsea inspection data acquisition and data management systems. A 23t knuckle -boom crane, and auxiliary 5t crane are also installed.

Mermaid Sapphire is equipped with substantial office space, online/offline survey room, hospital, and a gymnasium. Accommodation comprises 60 berths (4 x 1-man and 28 x 2-man), all cabins
with en-suite bathroom.

Press Release, June 12, 2014



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