Thailand’s Mermaid Maritime has won a drilling contract from Indonesia worth some $26.5m.
The nine month deal is for the self erecting drilling tender rig MTR-2 is for nine months.
Singapore listed but Bangkok based Mermaid is 35% owned by Thoresen Thai Agencies but has set up an Oslo listed offshoot, Asia Offshore Drilling, with John Fredriksen controlled Seadrill taking a near 34% stake in the company.