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Published Tue, Dec 31, 2019 · 09:50 PM
Mermaid Maritime
AN ASSOCIATE of Mermaid Maritime, Asia Offshore Drilling (AOD), has secured contract extensions for two of its jack-up drilling rigs to serve a client in the Middle East, the oil and gas play announced on Tuesday.
The three-year extensions will continue directly from the current contracts scheduled to expire on April 14, 2020 for its AOD II rig, and Dec 31, 2019 for its AOD III rig. The total contract values are expected to be about US$98 million for AOD II, and US$101 million for AOD III.
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