Mermaid Wins Subsea Contracts
- Business & Finance
Mermaid business units have been awarded three subsea contracts in South East Asia and the Middle East with a combined estimated value of USD 12 million.
The first contract award, with work scheduled to start in the third quarter of 2017, will involve use of the DP2 saturation diving vessel (DSV) Mermaid Commander with a Quasar work-class ROV carrying-out a 60-day saturation diving and ROV inspection, repair & maintenance (IRM) project in Malaysia.
The second and third contract awards, with work scheduled to also begin in the third quarter of 2017, will involve use of the DP2 DSV Mermaid Endurer with ROV and grouting spread to carry-out combined survey, spool-piece tie-in and free span correction projects on subsea pipelines in the Middle East.