New Contract Wins for Mermaid in Middle East and South East Asia

Mermaid Maritime’s Middle East and South East Asian business units have secured subsea contracts with a combined total value of approximately USD 7.4 million.

The first part of work, starting in the third quarter of 2019, involves use of a Mermaid air dive system and a light work-class remotely operated vehicle (ROV) carrying out air diving and ROV services for a national upstream oil and gas company in the Middle East GCC.

The duration of the contract is for approximately 9 months.

The second contract, 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 for an international EPCIC company offshore South East Asia.

The duration of the contract is for approximately 45 days.