Mermaid Maritime Public Company Limited (MML) a leading international subsea services company has secured multiple contracts in Thailand, Angola and Saudi Arabia with a combined value of approximately 120 Million USD.The awards consist of subsea construction, IRM, subsea wellhead cutting and removal in Thailand and Survey in Angola and multiple Cable Lay scopes and Sat Diving interventions with long standing clients in Saudi Arabia.Decommissioning Services MML’s wholly owned subsidiary Mermaid Subsea Services (Thailand) Ltd. (MSST), established an offshore transportation, installation (T&I) and decommissioning services business unit last year. This new business unit made up of seasoned Thai personnel, with a minimum of 10-20 years of work experience in oil and gas operations and offshore facilities construction in the Gulf of Thailand.
Mr. Chalermchai Mahagitsiri, Mermaid’s Chief Executive Officer, said: “It is with great pride, as a local company, that we are able to serve Thailand by pursuing offshore facilities decommissioning opportunitieswithin our borders. Our first subsea wellhead decommissioning campaign in the Gulf of Thailand combines the strength of our decommissioning team, along with state-of-the art ROV technology and capable offshore vessels to deliver a “best in class” solution for our Client. MSST works continuously to develop efficient solutions and to deliver as promised, without compromise to safety. We believe that the potential for future decommissioning work is expected to continue over the next 10-20 years and we want to play a major role in this market.”Cable Lay: Back to the FutureIn 2013, MML announced the establishment of a new Cable Lay Division as part of its strategic initiative to expand its services offering to customers in the Middle East.The Cable Division is now formally “back in business” and headquartered in Dubai along with the other global subsea services support departments.MML has successfully completed the acquisition of considerable cable assets and is now uniquely positioned and delivering on its offering in this key space.