Petronas Carigali contracts Mermaid Maritime drilling rig

Petronas Carigali has awarded Mermaid Maritime a $235-million contract to use the newbuild tender drilling rig KM-1 in Malaysia.

Offshore staff

BANGKOK -- Petronas Carigali has awarded Mermaid Maritime a $235-million contract to use the newbuild tender drilling rig KM-1 in Malaysia.

The contract coversKM-1 along with the related equipment and personnel to carry out offshore drilling services. The contract is for a primary period of five years with extension options for up to an additional five years.

The contract is expected to begin in 4Q 2009.

10/30/2008

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