Mermaid Maritime secures new subsea deals

Mermaid Maritime’s Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.

For illustration: One of Mermaid’s DSVs; Source: Mermaid

According to Mermaid’s statement from Friday, the first highlighted package of work involves use of a Mermaid air dive system and a light work-class ROV carrying out air diving and ROV services for a national upstream oil and gas company offshore in the Middle East GCC.

The contract will start in the third quarter of 2019, and duration of the contract is approximately nine months.

The second highlighted package of work, also starting in the third quarter of 2019, will involve use of Mermaid offshore diving, survey, ROV and deck crew and a third party chartered-in vessel to carry out offshore installation of a 2,000-meter subsea manuli hose for oil production support together with UWILD inspection services.

The work will be done for an international EPCIC company offshore in South East Asia.

The duration of the contract is for approximately 45 days.


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