Mermaid secures drilling contract extension from Chevron
Thursday, June 3 2010 - 05:50 PM WIB
Thai offshore drilling and engineering services Mermaid Maritime PCL announced on Thursday that its subsidiary MTR‐2 Ltd. has secured a contract award with Chevron Indonesia Company to provide drilling and related services using the tender drilling rig
?MTR‐2? for Chevron?s offshore oil and gas fields in Indonesia.
The ?MTR‐2? is presently providing similar drilling and related services under an existing drilling contract to Chevron Indonesia and the new drilling contract award will commence back‐to‐back upon the expiry of the existing drilling contract this June 2010, the Company said.
The duration of this new drilling contract is for approximately nine months, and has a potential value of US$ 24.5 million, it said. (alex)