Mermaid Maritime forms 49/51 Nigerian subsea services joint venture with Marine Platforms Limited
Bitget2026/09/28 09:32- Mermaid Maritime set up a 49/51 joint venture in Nigeria, forming Mermaid Subsea Services with Marine Platforms.
- Issued and paid-up capital totals NGN 100,000,000 (about USD 72,000); Mermaid holds 49% via its subsea services subsidiary.
- The vehicle targets direct work with TotalEnergies Nigeria, meeting local-content, regulatory, contracting requirements.
- Funding comes from internal resources; no material impact expected on net tangible assets or earnings per share this financial year.
- The announcement was dated Sept. 28, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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