Thai offshore specialist Mermaid Maritime mentioned its native three way partnership had secured a one-year contract extension with an oil main within the Center East.
The extension, in direct continuation to its present contract for offshore inspection, restore and upkeep companies which commenced in 2012, is price round $125m to Mermaid.
Mermaid will proceed to utilise dive help vessel Mermaid Asiana together with remotely operated autos, specialised diving gear and divers, the corporate mentioned, whereas its jv companion will present different offshore vessel associated companies and logistics.
Chalermchai Mahagitsiri, CEO of Mermaid, mentioned: “For Mermaid, this contract extension is the results of the superb service that we offer and represents a stream of secure income to strengthen our ahead ebook. It’s also consistent with our strategic initiative to sustaining our presence within the area and as a platform for additional development and enlargement.”