Mermaid Maritime has secured a 2-year contract for its dive support vessel, ‘Mermaid Commander’, to provide subsea construction support in the Gulf of Thailand for a repeat customer.
The contract has an estimated value of USD 50 million.
The 2-year contract for subsea construction will be performed using saturation diving and will include the installation of numerous spool pieces, risers, wyes, tees, etc. Additional services include the provision of a remotely operated vehicle (ROV), survey, and a spool fabrication spread.
Scheduled to start in April 2015, the contract duration will be in excess of 130 days per year for the requirement of both 2015 and 2016, serving the entirety of the customer’s campaign in the Gulf of Thailand.
The award of the new contract represents the 10th and 11th consecutive years that Mermaid has undertaken work to provide support for this repeat customer.