Mermaid Wins ROV Work Offshore Indonesia

Mermaid Maritime's subsidiary Mermaid Offshore Services Ltd. has secured two contracts to provide remotely operated vehicle (ROV) and diving services to BP Indonesia.

The services shall commence in December 2007 (and not in December 2008 as previously announced) and is expected to be for a period of 12 months covering BP Indonesia's 2008 requirements in their West Java development field. The aggregate value of the contracts is estimated to be U.S. $32 - 38 million.

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