DRILLING

Mermaid pushes out rig date

THAI-based offshore service provider Mermaid Maritime has pushed out acceptance of a number of newbuild rigs and a support vessel to allow it time to find more work for the assets, or to find new owners for rigs it may no longer need, in what is an over-supplied market.

The subsea and offshore drilling services company said it ordered the MTR-3 and MTR-4 tender rigs and the subsea construction vessel Mermaid Ausana in early 2014, but has just agreed with builder China...

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