BANGKOK, Thailand – Mermaid Maritime subsidiary Subtech Qatar Diving and Marine Services has won a new subsea services contract offshore Qatar.
This has been awarded by an existing client, an international upstream oil and gas operator.
The work will be executed using Mermaid’s DP barge Mermaid Siam, its associated saturation diving spread, and other specialized diving equipment and personnel.
Scope includes offshore field maintenance, remedial and call-off work. The contract lasts for five years with the program likely performed during a three-month window of each contract year.
Contract revenues over the five years are estimated at $25 million.