Mermaid Maritime Public Company secured an extension to a contract worth about $16.1m to provide drilling and related services for its existing client in Indonesia's offshore oil and gas fields, Seatrade Asia online reports.
The contract, which commenced on Tuesday, is back-to-back with the previous drilling contract which ended on Monday. The duration of the extended contract is for six months.
Upon completion of the contract, the tender drilling rig MTR-2 is scheduled to undergo its compulsory special periodic survey, currently estimated to take approximately four months to complete.
“The company has commenced marketing the MTR-2 for further drilling contract opportunities after the completion of this special periodic survey,” Mermaid Maritime said.
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