Mermaid Maritime wins US$15m of subsea contracts in Asia

MERMAID Maritime on Tuesday said that its subsidiaries have recently been awarded six different subsea works in the Asian region, worth about US$15 million in all.

The various work scopes include subsea survey, inspection, repair and maintenance using saturation diving, air diving and the use of underwater Remotely Operated Vehicles, the subsea and offshore drilling services firm said.

The jobs will be performed in various offshore areas of South Korea and India, and in various regions of Indonesia such as the Natuna Sea, Bali North Sea, Makassar Strait and the Java Sea.

These projects have an individual working duration ranging from 20 days to 90 days. Most of them will be completed by November 2016.

Its shares rose one Singapore cent or 9.4 per cent to S$0.116 on the stock market before the announcement.