- Marine service provider MMA Offshore (MRM) has won a $20 million vessel contract with global oil and gas company TechnipFMC
- Under the contract, MMA will provide tug and barge support for TechnipFMC’s major installation project in Australia
- MMA will act as the lead contractor and will subcontract other vessel operators to provide the overall vessel requirements
- Offshore operations are scheduled to commence around August 2021 and are due to be completed by the end of the year
- On market close, MMA is up 1.54 per cent and is trading at 33 cents per share
MMA Offshore (MRM) has been awarded a $20 million vessel contract with global oil and gas company, TechnipFMC.
The marine service provider will provide tug and barge support for TechnipFMC’s major installation project in Australia.
Under the contract, MMA will provide a fleet of four tug and barge sets to support subsea installation works and two offshore positioning tugs.
MMA will act as the lead contractor and will subcontract other vessel operators to provide the overall vessel requirements. All vessels involved with the works will be delivering equipment to the offshore field and will be operated under Australian requirements.
Offshore operations are scheduled to commence around August 2021 and are due to be completed by the end of the year or early 2022.
“We are extremely pleased to continue our working relationship with TechnipFMC on Australian offshore construction projects, and to support this key scope of work,” Managing Director David Ross said.
“MMA looks forward to working with TechnipFMC and their client to deliver a safe and successful outcome,” he added.
On market close, MMA is up 1.54 per cent and is trading at 33 cents per share.