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    Mermaid to build multi-purpose field support vessel

    Vessel & ROV News // July 23, 2004
    The Directors of Mermaid Marine Australia Limited (Mermaid) have announced that the company has reached agreement with Apache Energy Limited for Mermaid to construct and supply a new multi-purpose field support vessel for the provision of dive support, survey work and associated oil and gas related services for a period of five years.

    Commencing immediately, the new vessel will be constructed over the next 18 months and cost approximately US$7 million.

    Designed for a range of specific oil field activities, the vessel will be 54m in length, with a bollard pull of 36 tonnes. It will operate with dynamic positioning, be fitted with a four-point mooring system and offer accommodation for 42 persons.

    The company will fund construction of the vessel from a combination of debt and cash.

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