Thailand’s Mermaid Group wins important Middle East offshore service contracts

International subsea services provider Mermaid Group reports that its subsidiaries in the Middle East have secured multiple project awards with the combined value of approximately USD 430 to 500 million.

The subject project awards include the deliver a comprehensive suite of services including diving, inspection, repairs and maintenance as well as subsea cable installation scopes utilising a number of vessels including our DP2 saturation dive support vessel, and a range of related services, and commenced as per the planned long-term contract.

“We are profoundly grateful for our clients’ ongoing trust and support, which has driven this significant achievement,” said Chalermchai Mahagitsiri, Group CEO. “These contracts underscore a major growth opportunity for Mermaid and reaffirm our pivotal role within the energy sector’s value chain.

“Our unwavering commitment to innovation, sustainability, environmental awareness, and excellence will continue to shape Mermaid’s lasting impact on the energy sector,” the CEO added.