- MMA Offshore (MRM) awarded two long term vessel contracts with a combined value of $62 million with a potential value in excess of $91 million
- MMA will provide production support services for Woodside’s facilities in Australia’s North West as well as accommodation and walk to work support services in Côte d’Ivoire
- The company has also been awarded contracts from the Australian Department of Defence and Marinus Link
- These contracts are for surveys and projects in and off the shore of Tasmania and have an estimated value of $12.4 million
- Shares have been up 9.7 per cent trading at 39.5 cents
MMA Offshore (MRM) has been awarded two long term vessel contracts with a combined value of $62 million for the contract firm periods. There is a potential value in excess of $91 million if relevant option periods are exercised.
The company has been awarded a new contract with Woodside for the “MMA Cove”, to continue to provide production support services for Woodside’s facilities in Australia’s North West. The contract is for a firm period of three and a half years, with a further one and a half years in option periods.
MMA says it has also been awarded a contract for the “MMA Privilege”, to provide accommodation and walk to work support services in Côte d’Ivoire. The contract is for a period of two years firm, commencing in March 2022.
The company has also received a contract from the Australian Department of Defence to complete a hydrographic survey off Tasmania. The project is expected to commence in January 2022 and continue for a period of four months.
Additionally, MMA has been awarded a contract with Marinus Link to acquire, integrate and interpret geotechnical data to assist with a cable route feasibility assessment. This assessment is for a proposed electricity and telecommunications connection between Victoria and Tasmania.
The contracts from the Australian Department of Defence and Marinus Link carry a combined value of $12.4 million.
Shares were up 9.7 per cent trading at 39.5 cents at 10.29 am AEDT.