Source: Mermaid Marine Australia
Mermaid Marine Australia Ltd (MMA) has been awarded a three-year contract by the Chevron-operated (NYSE:CVX) Gorgon project, commencing in the second quarter of FY11. The contract involves the provision of a towing tug, a landing craft (LCT) and a barge suitably modified to transport fuel from mainland Australia to Barrow Island in support of the Gorgon project.
The contract will generate revenue in excess of A$80 million over the initial three-year term and includes an option to extend for a further 12 months.
In July of this year, MMA was awarded a further two contracts related to the Gorgon project to transport cargo and water respectively from mainland Australia to Barrow Island. The contract for the transportation of cargo from MMA’s Dampier Supply Base to Barrow Island involves the provision of one towing tug and two barges for an initial term of 15 months, commencing mid 2010. The contract for the transportation of water to Barrow Island is for a term of 9 months later in 2010 and involves the provision of one towing tug and two barges.
“MMA has extensive experience in conducting tug and barge operations in the region and with the Company also providing stevedoring and related services to the Gorgon Project on our Dampier Supply Base, we are able to integrate the marine supply chain and ensure security of supply to Barrow Island,” MMA Managing Director Jeff Weber said.