Mermaid Maritime: Terms changed
Mermaid splashes back into the black
13 February 2014 05:07 GMT
Mermaid splashes on AOD shares
06 July 2011 07:14 GMT
Mermaid seeks rig funds
02 November 2010 07:48 GMT
17 June 2014 23:45 GMT
The original contract was signed on 27 March for work in Indonesia.
Mermaid Maritime announced the client was in the process of gaining new permits from the government to continue work in the area.
The companies have entered into an amended contract whereby the client will use the drilling rig as a work-over unit on a reduced rate.
Once the new permits have been received, the rig is planned to resume drilling operations on its normal basis.
Mermaid Maritime does not foresee that this change in the agreement with the client will have a material impact on its earnings for the year.
Your message has been sent
E-mail this to a friend.
Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.
Already a member?
News from other NHST publications
All material published in the newspaper and on upstreamonline.com are Upstream's copyrighted material. Redistribution of any kind without a prior written permission of Upstream (including but not restricted to, redistribution by e-mail, publishing in part on your company's Intranet and publishing on Internet) of any material published by Upstream, will violate Upstream's copyright, and is prohibited by law. You may, however, download material from Upstream for your own personal use.
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Upstream Online content.