Mermaid Maritime Public Co. Ltd. announced that its business units serving the Middle East have been awarded a suite of subsea services contracts. The work includes air diving services such as air diving for pipeline free-span correction and a subsea cable lay contract.
All contract awards were secured through Mermaid’s wholly owned subsidiary Subtech Ltd. (Seychelles) and Mermaid’s joint venture entity Zamil Mermaid Offshore Services LLC and are scheduled to begin in December 2013 for an estimated duration of up to six months. The combined value of these contract awards is estimated at US$30million.
The subsea cable lay contract will utilize a chartered-in DP2 construction barge Mubarak Supporter, from Mubarak Marine LLC. This construction barge is the latest addition to Mermaid’s fleet to serve its expanding customer base and requirements in the Middle East. The construction barge is on an initial six-month charter to Subtech Ltd. (Seychelles) with possibility of further extensions.
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