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Mermaid Maritime wins $5m subsea contract in Singapore

Mermaid Maritime wins $5m subsea contract in Singapore

Mermaid Maritime has secured a pipeline repair air-diving contract with an estimated value of $5m for work in offshore Singapore, making the deal a first of its kind in Singapore for the company.

The work is scheduled to start in the third quarter of this year and to be completed in the fourth quarter of this year.

The contract will involve the use of Mermaid’s owned remotely-operated vehicle (ROV) support vessel and a chartered-in ROV support vessel with air-diving systems, dredging equipment and concrete coating removal equipment.

An air-diving job will be carried out to clamp and repair a pipeline and to change-out SBM (single buoy mooring) hoses offshore Singapore for an international upstream oil and gas company.

“In line with its strategy to secure new customers in new markets, Mermaid is pleased to add that this is the first time that it secured work of this kind in Singapore and with this customer,” Mermaid said.

Last month, Mermaid announced that it clinched $4.6m in subsea contracts for work in the Middle East and Southeast Asia.

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