Thailand’s Mermaid Maritime has secured multiple contracts valued at $485m.
The Singapore-listed company said the project awards are for its subsidiaries in Thailand, the Middle East, Western Sub Sahara, and the UK.
The work scope includes cable laying, subsea pipeline tie-ins, inspection, repair and maintenance, decommissioning, and a bouquet of related services.
Project execution starts in 2023 and is planned to complete in 2025, Mermaid said in a filing.
Chalermchai Mahagitsiri, CEO of Mermaid said the contracts highlight a significant growth opportunity for the company and reaffirm its position as a key player within its tier of the value chain in the energy space.
“These newly secured interventions actively endorse our vision and group strategy as we carefully position Mermaid within the energy sector and navigate a successful future for our stakeholders,” Mahagitsiri added.
