Mermaid Gets Subsea Services Contract Extension in Middle East
Mermaid Maritime has, through its joint venture company with GCC, secured a one-year contract extension for subsea services in the Middle East with a national upstream oil and gas major.The contract extension, including several medium-term subcontract awards, worth approximately $125 million to Mermaid, has been secured with a ‘reputable’ company whose name was not disclosed.The work scope covers offshore inspection, repair and maintenance services in direct continuation to its current contract, which commenced in 2012.Mermaid said it will continue to provide a suite of diving services
Mermaid Sets Up Subsea Services JV in Vietnam
Mermaid Maritime has established a joint venture (JV) with Tan Cang Offshore Services in Vietnam which will offer subsea services for the country’s offshore sector.The primary activities of the newly formed JV will be to offer vessel chartering, ROV, transportation and installation support and offshore subsea servicesThe JV – named Tan Cang Mermaid Subsea Services Company Limited – is 50/50-owned by Mermaid Subsea Services (Thailand) and Tan Cang Offshore Services Joint Stock Company (TCO).TCO is a professional service provider of offshore vessel chartering, ROV services, ocean
Mermaid Reports Subsea Contracts
Mermaid Maritime announced that its Middle East and Southeast Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.The first highlighted scope of work, commencing in the third quarter of 2019, involves carrying out air diving and a light work-class remotely operated underwater vehicle (ROV) services for a national upstream oil and gas company offshore in the Middle East GCC. The duration of the contract is for approximately nine months.The second highlighted work package, also commencing in the third quarter of 2019
Mermaid Maritime Bags Qatar Subsea Cable Contract
Mermaid Maritime’s Qatari business unit, Mermaid Subsea Services LLC, has clinched an additional subsea cable installation and related diving services contract from an existing customer worth an estimated US$10 million. The customer is a global cable manufacturing, installation and commissioning firm. The agreement is expected to be completed within three months and will begin in April. The company said the work will utilise the chartered-in DP2 construction barge the ‘Mubarak Supporter’ along with other specialised vessels. It comes after Mermaid
Mermaid Commended for Safety
Mainboard-listed Mermaid Maritime Public Company Limited (“Mermaid”, “MMT” or the “Group”), a leading provider of subsea and drilling services for the offshore oil and gas industry, announced that the Group has separately received two (2) commendations from its long-term customers for its exemplary showings in performance and safety standards. In Indonesia, Mermaid’s Indonesian unit received a full score from its customer who is an international upstream oil and gas major after successfully completing their 2014 subsea inspection, repair and maintenan
Construction of Mermaid Ausana Begins
Mermaid Maritime Public Company announced that it has marked the start of its new vessel / rig construction by participating in a steel cutting ceremony for its performance class tender rig ‘MTR-3’ and DP2 multipurpose subsea dive support and construction vessel ‘Mermaid Ausana’. The ceremony took place at the shipyards of China Merchants Heavy Industry in China in Nantong and Shenzhen, respectively. The ‘MTR-4’, which will be identical to the ‘MTR-3’, is scheduled to have its steel cutting ceremony two months later. The ‘MTR-3’ and
Demobilization of ‘MTR‐2’ Tender Rig in Indonesia
Mainboard‐listed Mermaid Maritime Public Company Limited a leading provider of subsea and drilling services for the offshore oil and gas industry, would like to announce that it has received early termination of contract from its international upstream oil & gas client for the ‘MTR‐2’ tender drilling rig. The initial term of the contract was set to end in May 2015 but the rig is now scheduled to be demobilized to Singapore by the end of December 2014. In a previous announcement dated 17 June 2014, Mermaid disclosed that the client was in the process of obtaining new permits
MacGregor Mooring Systems for Tender Rigs
MacGregor, part of Cargotec, has won new contracts that will see electrically-driven versions of its mooring systems fitted to two new tender assist drilling rigs for Thailand-based Mermaid Maritime Public Company Limited. The Self-Erected Drilling Tender (Hull No. CMHI (JS)-151-1 and Hull No. CMHI (JS)-151-2) are under construction at China Merchants Heavy Industry (Jiangsu) Co Ltd with delivery planned for 2016. The order was booked into third quarter 2014 order intake. MacGregor will provide each rig with an electrically-driven eight-point mooring system with a 95-tonne line pull
Mermaid's Subsea Unit Wins ROV Service Contract
Mermaid Maritime Public Company Limited announced that its subsidiary Mermaid Offshore Services Ltd. (MOS) has been awarded a call off contract for subsea remotely operated vehicle (ROV) services in Thailand serving major upstream oil and gas operators. Mermaid said the contract award has an estimated value of $19 million for an initial period of two years. The contract, which provides for Mermaid to serve customers in the Gulf of Thailand, requires the use of two ROV support vessels simultaneously and will utilize Mermaid Sapphire and a vessel of opportunity. The duration of the contract is
February 2025
