Brief: Mermaid Maritime Says Drilling Rig 'AOD II' Temporarily Suspended Ops In Middle East

Mermaid Maritime PCL

29/06/2020 16:47

June 29 (Reuters) - Mermaid Maritime PCL  MMPC.SI :
    * JACK- UP DRILLING RIG 'AOD II' OWNED BY ASSOCIATE ASIA
OFFSHORE
DRILLING TEMPORARILY SUSPENDED OPERATIONS IN MIDDLE EAST
    * SUSPENSION TO BE AT ZERO-DAY RATE & WILL EXTEND TERM OF
CONTRACT
FOR A PERIOD EQUAL TO SUSPENSION
    * MERMAID MARITIME SEES IMPACT FROM SUSPENSION TO HAVE A
MATERIAL
ADVERSE EFFECT ON FY EPS
    * DRILLING RIG SUSPENSION DUE TO NOTICE OF SUSPENSION FROM
CUSTOMER & WILL BE FOR UP TO 12 MONTHS

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ4ldhcb
Further company coverage:  MMPC.SI 

 (Reuters.Briefs@thomsonreuters.com)