Mermaid Maritime nets subsea gig in Gulf of Thailand

Mermaid Sapphire

Mermaid Maritime has announced that it has been awarded a subsea remotely operated vehicle (ROV) services contract in the Gulf of Thailand with an upstream oil & gas company.

The contract was awarded to Mermaid Maritime’s subsidiary Mermaid Subsea Services (Thailand).

The scope of work includes, but is not limited to, structure and sea line inspection, free span correction, and corrosion prevention, in the Gulf of Thailand. The contract is awarded for a two-year term, starting from March 2016 to March 2018, with an option for one-year extension.

The work will utilize the DP2 ROV Support Vessel ‘Mermaid Sapphire’ built in 2009, along with a deepwater work-class ROV plus associated equipment (if required) and specialist personnel.

The value of the contract for the initial term is estimated to be circa $10 million.

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