Mermaid Wins Subsea Construction Support Services Contract

first_img Print  Close My location 此页面无法正确加载 Google 地图。您是否拥有此网站?确定center_img Mermaid Maritime Public Company Limited announced that its subsidiary Mermaid Offshore Services Ltd. has been awarded a subsea construction support services contract with a major engineering, procurement, construction, installation and commissioning contractor in Thailand serving a major international upstream oil and gas operator.The contract award has an estimated value of USD 32 million and is scheduled to commence in May 2014 for a term of almost 200 days. The contract, which will serve the customer’s 2014 campaign in the Gulf of Thailand, will utilize the DP2 Dive Support Vessel ‘Mermaid Commander’ and has already been included in Mermaid’s total order book previously announced. This represents the ninth year that Mermaid has secured this role and includes options exercisable by the customer to extend the contract for a further two additional campaign years. Financial EffectsAssuming that the contract had commenced and had been completed within the most recent financial year (the Company’s last financial year ended 30 September 2013), the performance by the Company of the contract would have had a non-material effect on the earnings per share of the Company (on a consolidated basis) and a non-material effect on the net tangible assets per share of the Company (on a consolidated basis) for that financial year.Interest of Directors and Controlling Shareholders None of the directors or controlling shareholders of the Company has any interest, direct, or indirect, in the contract. There are also no new directors proposed to be appointed to the Company in connection with the contract.last_img