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    Mermaid charters Bourbon Evolution for dive support work

    Vessel & ROV News // September 24, 2014

    Mermaid Maritime Public Company Limited has confirmed that its wholly owned subsidiary in the Middle East has been awarded two saturation diving services contracts.

    Both contracts are estimated to be of approximately 6]8 months duration in total. The first of the contracts has already commenced and the second will start on completion of the first.

    The contracts will be serviced using a chartered]in DP3 multipurpose support vessel, Bourbon Evolution.

    Mermaid has secured the vessel for a period of eight months with an option for
    an additional eight month extension.

    Mermaid will also deploy specialized diving equipment, remotely operated vehicles
    and other project crew to provide a full integrated service.

    The total estimated value of the contracts is US$50]45 million.


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