BANGKOK, Thailand – Mermaid Offshore Services Ltd. (MOS), recently renamed Mermaid Subsea Services (Thailand) Ltd., has been awarded a subsea construction contract in the Gulf of Thailand, serving an international fabrication and installation contractor whose end customer is an international upstream oil and gas operator.
The two-year contract is valued at $50 million. The work is scheduled to begin in April 2015 for an estimated duration in excess of 130 days. A similar start date and duration is anticipated for 2016.
The contract, which will support the customer’s 2015 and 2016 installation campaigns in the Gulf of Thailand, will utilize the DP2 dive support vessel Mermaid Commander. The primary work activities will be performed using saturation diving, and will include the installation of numerous spool pieces, risers, wyes, and tees. Additional services include the provision of an ROV, along with survey and spool fabrication.