Mermaid rig at work offshore Indonesia

Mermaid Maritime Public Co Ltd. subsidiary MTR-2 Ltd. reports signing a contract to provide drilling and related services from the tender rig MRT-2 offshore Indonesia for an unnamed client.

Offshore staff

BANGKOK, Thailand – Mermaid Maritime Public Co Ltd. subsidiary MTR-2 Ltd. reports signing a contract to provide drilling and related services from the tender rig MRT-2 offshore Indonesia for an unnamed client.

Indonesia’s Executive Agency for Upstream Oil and Gas Activity has approved the $26.5-million contract; work is under way and expected to go for nine months.

07/22/2011

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