Offshore staff
BANGKOK -- Mermaid’s newbuild tender assist drilling rig KM-1 was launched successfully on July 27 from Kencana’s construction yard in Lumut port, Perak, Malaysia.
The vessel is scheduled for delivery to Mermaid by year-end. The KM-1 will be Mermaid’s third tender rig after the MTR-1 and MTR-2.
Subsequent to its delivery, the rig will begin a five-year offshore drilling program in Malaysia with Petronas Carigali in a contract potentially valued at $163 million.
07/28/2009