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HomeMaritime NewsRegionsAsiaMermaid Maritime's rig awarded $4.9m barge contract

Mermaid Maritime's rig awarded $4.9m barge contract

Mermaid Maritime's rig awarded $4.9m barge contract
Bangkok: Mermaid Maritime has concluded an accommodation barge deal with Chevron in Indonesia worth up to $4.9m.

The 150-day contract will engage Mermaid's MTR-1 rig in Indonesian waters in early April 2012.

“MTR-1's deployment boosts the utilisation of our tender fleet and stands to make a positive contribution to the bottomline of our Mermaid Drilling business in fiscal 2012,” said Bruce Gemmell, ceo of Mermaid.

Singapore-listed Mermaid is a majority-owned subsidiary of Bangkok-listed Thoresen Thai Agencies that has a diversified business portfolio of transport, energy, and infrastructure assets regionally.

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