Woodside continues MMA contract

Oil and gas service provider MMA Offshore has secured $16 million in contract extensions with Woodside Petroleum, which will continue using MMA's vessels.

The Welshpool-based company was contracted by Woodside in 2019 to provide accommodation and walk-to-work vessel services to support the oil and gas giant’s operations in the North West Shelf.

Woodside has been using MMA’s Mermaid Sound and Mermaid Strait vessels.

Under the extension terms, Mermaid Sound has been replaced with MMA’s Mermaid Cove vessel, as of August 20.

The vessel had previously supported both BHP and Santos’ offshore operations.

MMA managing director David Ross said the extended work provided the company with greater certainty in the current economic environment, with Woodside a significant and long-term customer.

Shares in MMA were up 4 per cent on the news to trade at 4.7 cents, as at 3:15pm AEST.