MMA Offshore (ASX:MRM) - Managing Director, David Ross
Managing Director, David Ross
Source: Energy News Bulletin
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  • MMA Offshore (MRM) awarded two long term vessel contracts with a combined value of $62 million with a potential value in excess of $91 million
  • MMA will provide production support services for Woodside’s facilities in Australia’s North West as well as accommodation and walk to work support services in Côte d’Ivoire
  • The company has also been awarded contracts from the Australian Department of Defence and Marinus Link
  • These contracts are for surveys and projects in and off the shore of Tasmania and have an estimated value of $12.4 million
  • Shares have been up 9.7 per cent trading at 39.5 cents

MMA Offshore (MRM) has been awarded two long term vessel contracts with a combined value of $62 million for the contract firm periods. There is a potential value in excess of $91 million if relevant option periods are exercised.

The company has been awarded a new contract with Woodside for the “MMA Cove”, to continue to provide production support services for Woodside’s facilities in Australia’s North West. The contract is for a firm period of three and a half years, with a further one and a half years in option periods.

MMA says it has also been awarded a contract for the “MMA Privilege”, to provide accommodation and walk to work support services in Côte d’Ivoire. The contract is for a period of two years firm, commencing in March 2022.

The company has also received a contract from the Australian Department of Defence to complete a hydrographic survey off Tasmania. The project is expected to commence in January 2022 and continue for a period of four months.

Additionally, MMA has been awarded a contract with Marinus Link to acquire, integrate and interpret geotechnical data to assist with a cable route feasibility assessment. This assessment is for a proposed electricity and telecommunications connection between Victoria and Tasmania.

The contracts from the Australian Department of Defence and Marinus Link carry a combined value of $12.4 million.

Shares were up 9.7 per cent trading at 39.5 cents at 10.29 am AEDT.

MRM by the numbers
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