Mermaid’s portion of the total contract value for the one-year extension period is estimated to be approximately US$ 125 million, including several medium-term subcontract awards. The contract extension will continue until the fourth quarter 2025.
“For Mermaid, this contract extension is the result of the excellent service that we provide and represents a stream of stable revenue to strengthen our forward book. It is also in line with our strategic initiative to maintaining our presence in the region and as a platform for further growth and expansion”, said Mr. Chalermchai Mahagitsiri, Chief Executive Officer of Mermaid.
