Mermaid Nets Two Subsea Deals

Mermaid Maritime has recently been awarded two subsea contracts with a combined estimated value of USD 4.6 million.

The first contract award, with work scheduled to begin in the third quarter of 2017, will involve a short ROV campaign for pipeline touchdown monitoring for an international EPCIC contractor offshore in the Middle East GCC.

The second contract award, with work scheduled to start in the fourth quarter of 2017, will involve use of a diving vessel with work class ROV carrying out a subsea services project offshore East Kalimantan, Indonesia, for an international upstream oil and gas company.

Mermaid has noted that the first contract award is from a new customer in a new country in the Middle East GCC and the second contract award is from an incumbent long term customer in one of its key markets in South East Asia.

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