MMA is pleased to announce that it has secured contract extensions with Woodside Energy Ltd for two of its vessels until March 2022.
These extensions increase the Company’s contracted revenue for FY2021 and FY2022 by approximately A$16M.
Under the existing contract, the “Mermaid Sound” and the “Mermaid Strait” are contracted to provide support services for Woodside operated production assets in the North West Shelf. Under the terms of the contract extension, the “Mermaid Sound” will be replaced by the “Mermaid Cove” effective 20th August 2020, and the firm period of both contracts will be extended through to March 2022.
Commenting on the contract extension, MMA’s Managing Director, Mr David Ross, said: “We are extremely pleased to secure these contract extensions which give us greater certainty in our forward contract book in the current environment. Woodside have been a very significant long-term client for MMA and we look forward to continuing to support their operations safely and efficiently.”
Read the full ASX Announcement here.