Mermaid Scores $5M Work in Singapore

Mermaid Maritime’s Singapore wholly-owned subsidiary has recently been awarded a subsea contract with an estimated value of $5 million.

The work is scheduled to start in the third quarter of 2017 and to be completed in the fourth quarter of 2017.

The project will involve use of a company-owned ROV support vessel and a chartered-in ROV support vessel with air diving systems, dredging equipment and concrete coating removal equipment to carry out an air diving job to clamp and repair a 48″ pipeline and to change-out SBM hoses offshore Singapore for an international upstream oil and gas company.

“In line with its strategy to secure new customers in new markets, Mermaid is pleased to add that this is the first time that it secured work of this kind in Singapore and with this customer,” the company said in a press release.