Mermaid Maritime forms 49/51 Nigerian subsea services joint venture with Marine Platforms Limited

• 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mermaid Maritime Public Company Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 2Z3KAZWEM6182IW9) on September 28, 2026, and is solely responsible for the information contained therein.