CMHI Cuts Steel for MTR-3 Tender Rig, Mermaid Ausana Vessel in China

Thailand's Mermaid Maritime Public Company Limited (Mermaid, MMT or the Group), a leading provider of subsea and drilling services for the offshore oil and gas industry, announced Monday that it has officially marked the start of its new vessel/rig construction by participating in a steel cutting ceremony for its performance class tender rig MTR-3 and DP2 (dynamic positioning 2) multipurpose subsea dive support and construction vessel Mermaid Ausana.

The ceremony took place at the shipyards of China Merchants Heavy Industry in China in Nantong and Shenzhen, respectively. The MTR-4 tender rig, which will be identical to the MTR-3, is scheduled to have its steel cutting ceremony two months later.

The MTR-3 and MTR-4 will be state-of-the-art performance class tender assist drilling rigs incorporating the latest modern design features, and will be the most advanced tender rigs in the market when they are delivered in 2016. The rigs will each be equipped with a modern drilling package supplied by leading drilling equipment specialist National Oilwell Varco and will feature a larger deck space, bigger cranes, faster rig moves, larger and more living quarter capacity, larger tank storage and offline activity systems.

In addition, both rigs will be able to operate in water depths of up to 797 feet (243 meters) with conventional mooring and 2,998 feet (914 meters) with pre-laid mooring, and have a drilling depth rating of 25,000 feet (7,620 meters) and accommodation for 200 personnel, making both rigs an appealing option and solution for potential clients looking for a complete production drilling program.

The DNV classed, fully OGP compliant Mermaid Ausana on the other hand, will be a DP2 multipurpose subsea dive support and construction vessel that will be equipped with an 18-man twin bell saturation system and will have two self powered hyperbaric lifeboats. The vessel will be equipped with diesel electric frequency controlled propulsion, highly efficient azimuth thrusters, dynamic positioning systems, offshore cranes and a large platform deck for construction duties. Upon completion and delivery in 2016, the ‘Mermaid Ausana’ will possess excellent characteristics for worldwide deployment.

Commenting on the upcoming newbuilds, Chalermchai Mahagitsiri, CEO of Mermaid said, “The Group is pleased to witness the start of construction of the MTR-3 and Mermaid Ausana with the MTR-4 coming up next.

The addition of these three newbuilds to our fleet will allow us to increase our value proposition to our clients and strengthen our position as a leading provider of subsea and drilling services. It is part of the Group’s long-term strategy to increase the size of our fleet and the addition of the three newbuilds will go a long way to achieving that.


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