FACT SHEET mermaid-group.com Disclaimer: The information contained - - PowerPoint PPT Presentation
FACT SHEET mermaid-group.com Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. Mermaid Group accepts no
Disclaimer: The information contained in this document is intended only for use during the presentation and should not be disseminated or distributed to parties outside the presentation. Mermaid Group accepts no liability whatsoever with respect to the use of this document or its contents.
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Having served the Oil & Gas industry for over 30 years, Mermaid boasts a proven track record of subsea excellence. With operations throughout South East Asia and the Middle East, Mermaid plays a pioneering role in the global subsea
in any water depth which involve complex and challenging engineering, in any region of the world for the Oil and Gas markets. Owning and operating a fleet of subsea construction, intervention and survey vessels that enable us to offer differentiated positions with our clients, Mermaid focuses
and reduce overall risk. With a team of over 1,000 people worldwide our core business is in subsea engineering, IRM, project management, vessel chartering and operations, survey, ROV and diving
solutions to the offshore oil & gas industry that are safe, efficient and on budget, every time.
aware and locally sensitive ”
Chairman
30+ years industry experience including CEO of Thailand’s National Oil Company PTT and Chairman of PTT Exploration and Production
Executive Vice Chairman & CEO
Proven track record of successfully managing and growing a variety of businesses including coffee, steel, copper, shipping, media, entertainment, food and beverage, resorts and golf courses
To become the leading integrated subsea service provider by delivering technically- unique solutions and creating high value for our customers and shareholders.
Respect Enhancing Value Safety Commitment & Performance Protecting the Environment Ethical Business Standards Compliance with Policies & Procedures Technically Leading Solutions
To provide subsea engineering solutions to the offshore oil & gas industry that are safe, efficient and on budget, every time.
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Founded by Danish mariners as Mermaid Marine Services Ltd. to provide offshore marine services such as life raft and firefighting maintenance services Expanded into tender drilling rig business by acquiring two tender rigs Successfully raised S$246m from its IPO on the Singapore Stock Exchange (SGX) Acquired Seascape Surveys for access to hydrographic and positioning services Acquired Subtech Middle East to expand subsea services in Middle East and Arabian Gulf Acquired 33.76% stake in Asia Offshore Drilling to expand into jack-up drilling rig business PM Group Acquires Thoresen:
direction
drove profit turnaround
Achieved record US$45m net profit New cable-laying business in Middle East Impairment loss to reflect asset market value Expanded business to new geographical areas: Malaysia; Singapore; and countries in the Middle East Business turnaround from successful cost saving projects Low gearing of c.0.1x with no bonds and no capex
1983 2005 2007 2008 2010 2012 2014 2015 2016 2017 2018
Stabilized the company for the future growth
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Initial Exploration Field Development Production Abandonment
“Predominantly focused on the production phase of the offshore oil and gas value chain.”
1 - 2 years 3 - 5 years 15+ years 1 year
Seismic Appraisal Drilling Development Drilling Field Commissioning & Installation Cable Laying Maintenance & Inspection Decommission NOC / Independents Spending Priority
◔ ◔ ◐ ◐
Most Priority Least Priority
Field Development - Subsea support vessels assist in, among other things, survey and
preparations of the seabed, installation of modules, umbilical cables and risers, as well as provision
SUBSEA
Production - Once installed, the equipment is surveyed and maintained, together with both
larger repair and development campaigns.
Abandonment - To cease efforts to find or produce from a well or field, and to plug well and
salvage material and equipment - subsea vessels are utilized. Subsea engineering services also include Underwater Cable Laying Services for telecommunications, electric power transmissions, or other purposes.
Jack-up Rig is a mobile self-elevating drilling platform equipped with legs that can be lowered down to the ocean
platform is elevated to a level above the highest expected wave height. When the rig is relocated, the platform is lowered to sea level and towed by a supply vessel to its next location.
DRILLING
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Qatar Saudi Arabia UAE Thailand Singapore Malaysia Indonesia
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15
ROVs
6+17
SATURATION AND AIR DIVING SYSTEMS Endurer
Built 2010 DSV Middle East
Asiana
Built 2010 DSV Middle East
Commander
Built 1987 DSV Thailand
Sapphire
Built 2009 RSV Middle East
Challenger
Built 2008 MV Thailand
Siam
Built 1991 DCSB Middle East
Barakuda
Built 1982 SS Indonesia
Owned Vessels
Assets & Equipment
Our Subsea Fleet and Asset specialize in IRM, survey and construction installation support, subsea decommissioning, subsea vessels and specialized work ROV services. Complex IRM operations are made efficient through Mermaids ongoing innovation and dedicated people. Subsea Services:
Engineering
(IRM)
Support
Support
Drilling Services
AOD I, II, III
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International Oil & Gas Companies Major EPCIC Contractors National Oil & Gas Companies
A Company Moving Forward
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ir@mermaid-group.com