Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.
The contract award, with work scheduled to be performed in the Arabian Gulf during the course of August 2018 until March 2019, will involve the use of the DP2 Dive Support Vessel ‘Mermaid Endurer’ equipped with the Air and SAT Dive systems carrying out the overhauling and dry docking of the calm buoys and installation and disconnection of certain SPMs for an international Oil & Gas company, with further options for the removal and reinstallation of the additional SPMs.
Mermaid highlighted that this achievement is aligned with Mermaid’s ambitious strategy to expand its client base in its Middle East core market by providing a safe, quality yet cost effective service.
Mermaid’s contract win announcements as published from time to time on SGXNet are not exhaustive as Mermaid continues to be awarded other contracts in the ordinary course of business which are added to its order book.
The DSV ‘Mermaid Endurer’ is a Norwegian purpose built DP2 dive support and light construction vessel, specially designed for operations in severe weather conditions such as the North Sea.
The vessel has high manoeuvrabilityand station keeping capabilities and is equipped with a built in 18-man single bell saturation diving system complete with a self-propelled hyperbaric lifeboat. The vessel has a 100-tonne active heavecompensated knuckle boom crane and accommodation for 86 personnel. The DSV ‘Mermaid Endurer’ is DNV classed and flies the Panama flag.