MMA News

MMA is pleased to announce that it has been awarded a significant integrated vessel and subsea services contract to provide offshore construction support services in Qatar.

The multi-purpose support vessel MMA Pinnacle will be deployed to Qatar to provide a range of subsea services in support of a tier-one contractor working on a pipeline installation campaign.

The campaign is due to commence in early June 2022 and is expected to continue until December 2022.

Revenue from the project is estimated to be in the order of US$16.5m (approx. A$23 million) for the firm contract period. Commenting on the contract award, MMA’s Managing Director, Mr David Ross, said:

“This project marks a major milestone for MMA, securing a significant integrated subsea services contract which utilises our subsea skills and vessel in combination. The MMA Pinnacle recently returned to the fleet after a three-year fixed term charter and we are very pleased to have secured the vessel into an integrated subsea contract. We look forward to supporting our client to deliver a successful outcome on the project.”

Read the full ASX announcement here.

Category: MMA News, Employee News