July 11, 2014 1:53 AM ET

Energy Equipment and Services

Company Overview of MTR-2 Ltd.

Company Overview

MTR-2 Ltd. provides drilling services to the oil and gas industry. The company is based in Thailand. MTR-2 Ltd. operates as a subsidiary of Mermaid Maritime Public Company Limited.

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Thailand

Founded in 2005

Key Executives for MTR-2 Ltd.

MTR-2 Ltd. does not have any Key Executives recorded.

MTR-2 Ltd. Key Developments

MTR-2 Ltd. Secures USD 72 Million Contract with International Upstream Oil and Gas Company to Provide Drilling and Related Services for the Client's Offshore Oil and Gas Fields in Indonesia

Mermaid Maritime Public Company Limited announced that its MTR-2 Ltd. has secured a contract award with an international upstream oil and gas company to provide drilling and related services using the tender drilling rig 'MTR-2' for the Client's offshore oil and gas fields in Indonesia. The Contract is scheduled to commence end of April 2013. The term of the Contract is for 2 years and has a potential value of approximately USD 72 million. The `MTR-2' is completing its compulsory special periodic survey in Singapore and is scheduled to mobilize to work location in Indonesia thereafter.

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