Mermaid Maritime Secures $15M Subsea Contracts in Asia

Thailand-based Mermaid Maritime Public Company Ltd. reported Tuesday that its subsidiaries, Seascape Surveys Pte. Ltd. and PT Seascape Surveys Indonesia, clinched six different subsea contracts, worth around $15 million, in Asia.

The workscope include subsea survey, inspection, repair and maintenance using saturation diving, air diving and the use of underwater remotely operated vehicles.

The two Mermaid's units will undertake the projects offshore South Korea and India as well as in various regions of Indonesia such as Natuna Sea, Bali North Sea, Makassar Strait and the Java Sea. The duration of these projects ranged from 20 days to 90 days, with most of them scheduled for completion by November.



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