Mermaid Secures a $10M Subsea Services Contract in the Gulf of Thailand

Thailand-based Mermaid Maritime Public Company Limited reported Wednesday that its subsidiary Mermaid Subsea Services (Thailand) Ltd. has secured a subsea remotely operated vehicle (ROV) services contract, worth around $10 million, in the Gulf of Thailand with a major upstream oil and gas company.

The workscope under the two year deal, which runs from March 2016 to March 2018, covers structure and sea line inspection, free span correction, and corrosion prevention, in the Gulf of Thailand. The contract includes an option for a one-year extension.

Mermaid Subsea Services will utilize the dynamic positioning 2 (DP2) ROV Support Vessel "Mermaid Sapphire" along with a deepwater work-class ROV plus associated equipment and specialist personnel for the contract.



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