SINGAPORE (Sept 14): Mermaid Maritime announced Thursday that it has won a long-term submarine cable survey contract in the Middle East worth an estimated US$7 million ($9.4 million).

Scheduled to start in 3Q 2017, the work involves the use of a Mermaid chartered-in vessel with geophysical survey personnel, equipment and a survey class ROV onboard to carry out survey of a submarine cable network.

The contract is for 21 months, with an option for further cable inspection work at additional rates.

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