Mermaid Maritime wins $26 million in subsea contracts
- Business & Finance
Mermaid Maritime has recently been awarded subsea contracts in South East Asia and Middle East with a combined total value of $26 million.
The subsea and offshore drilling services provider said on Tuesday that the contracts involve three DP2 dive support vessels (DSVs).
The highlighted package of work involves the Mermaid Commander vessel with a Tiger Inspection Class ROV and hyperbaric reception facility carrying out a 42-day project involving saturation-diving and ROV works for riser installation, pipeline tie-ins and MOPU decommissioning in the Malaysian Peninsular and Sarawak.
After that, the vessel is bound for the Gulf of Thailand where it will perform a regular pipeline installation support services contract for another 60-day project for a different customer.
Another contract involves the Mermaid Nusantara together with heavy duty work-class ROVs working on a 24-day project in the Madura Sea, East Java, Indonesia, carrying out installation of flexible risers and umbilical between wellhead platform and FSO for an international upstream oil and gas company.
Finally, the Mermaid Endurer has been carrying out a 30 day project on a DSV – ROV – SAT & Air Diving services contract and a 56-day project on a DSV – Life Support – Spool & Skid Installation services contract for international EPCIC contractors offshore Qatar.