MMA Offshore was awarded a contract by Timor Gap Drilling And Services to provide offshore decommissioning services in Timor-Leste in partnership with Santos (ASX:STO).

The company's support vessel, "MMA Prestige", will supply a range of subsea services for the operation.

The project will start in the first quarter of 2024 and is expected to generate $15.7 million in revenue.

MMA Offshore Managing Director David Ross highlighted the strategic significance and showcasing MMA's capabilities in the decommissioning sector.