Brief: Mermaid Maritime says associate has secured contract extension from Saudi Aramco for jack-up drilling rigs

Mermaid Maritime PCL

29/07/2016 24:26

July 29 (Reuters) - Mermaid Maritime PCL  MMPC.SI : 
 
 * Mermaid's associate Asia offshore drilling limited secures contract extensions for jack-up rigs)  MMPC.SI  
 * Extensions are in direct continuation of the current contracts and will add  approximately US$225 million in contract backlog 
 * Performance by the company of the contracts would have had a material adverse effect on the earnings per share" 
 * Secured 3-year contract extension from Saudi Aramco for the jack-up drilling  rigs aod i and aod II expiring in June 2019 and July 2019, respectively 
 
* Source text for Eikon  ID:nSNZ3v8s9N  
 
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