Mermaid nets $96m contract in Middle East
Oil service firm Mermaid Maritime and a joint venture partner have tied up contract extension worth $96million in the Middle East.
Oil service firm Mermaid Maritime and a joint venture partner have tied up contract extension worth $96million in the Middle East.
Profits dipped at offshore vessel contractor Mermaid Maritime during the second quarter of 2017 as utilisation rates slid.
The Singapore subsidiary of Mermaid Maritime has successfully secured a third and fourth quarter pipeline repair air-diving contract worth an estimated $5 million.
Thailand based Mermaid Maritime’s south east asian business units have been awarded subsea contracts with an estimated value of $4.3 million.
Thai subsea and offshore drilling services firm Mermaid Maritime has been awarded contracts worth up to $26 million.
Offshore drilling services firm Mermaid Maritime has cancelled an order for a dive support and construction vessel in light of “challenging” oil market conditions.
Mermaid Maritime Public won a string of subsea contract wins, totalling $11million.
Mermaid Maritime said it has secured an additional subsea cable installation and diving services contract worth $10million.