Mermaid Inks New Subsea Contracts
- Business & Finance
Mermaid Maritime has through its South East Asian business units secured subsea contracts with a combined total estimated potential contract value of USD 4.3 million.
The first highlighted package of work involves the DP2 dive support vessel ‘Mermaid Sapphire’ with a work-class ROV and cement/grouting spread carrying-out a 16-day lump sum project involving subsea pipeline freespan rectification for a national upstream oil and gas company in the Gulf of Thailand.
The second highlighted package of work involves a 2-year contract carrying out site survey & navigation services offshore East Kalimantan, Indonesia, for an international upstream oil and gas company using the client’s or third party chartered-in vessel.