Subsea and offshore drilling services company Mermaid Maritime says it has secured multiple new contracts worth $485m.

The work will be undertaken in Thailand, the Middle East, Western Sub-Sahara and the UK.

“The project awards consist of cable laying, inspection, repair and maintenance (IRM), Transportation and Installation, decommissioning and a bouquet of related services which start in 2023 and are expected to be completed in 2025,” Singapore-listed Mermaid disclosed.