Mermaid Maritime says wholly-owned subsidiary Mermaid Offshore Services, the provider of sub‐sea engineering services to the offshore oil and gas industry, has secured a three-year contract worth US$15 million ($21 million) to provide Chevron with call-out turnkey diving and remotely operate vehicle (ROV) services and turnkey saturation diving vessel services to support its oil & gas offshore facilities and offshore fields in the Gulf of Thailand.

The contract allows Mermaid to offer any of its available vessels and related sub‐sea services (specialised ROVs, equipment and personnel) to Chevron depending on its requirements, with current planned work scope for the first year expected to be performed using the M.V. Mermaid Performer and M.V. Mermaid Supporter.

Mermaid Offshore Services says it has been providing Chevron with turnkey call-out sub‐sea services since 2006.