Mermaid Maritime Public Company Limited announces 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 re-installation of the additional SPMs.

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.