Mermaid Maritime DU4

Background

The Company was incorporated in Thailand in 1983 as Mermaid Marine Services Ltd
by a group of Danish marine professionals to provide offshore marine services.
Its business initially consisted of marine safetyrelated services, such as life
raft and firefighting maintenance services. In 1995, the Company merged with
Thoresen Laem Chabang Ltd a subsidiary of TTA, and were renamed Mermaid
Maritime Ltd.
The Group is a leading provider of drilling and sub-sea engineering services
for the oil and gas industry in South East Asia. It provides drilling services
through its majority-owned (95.0 percent) subsidiary, Mermaid Drilling Ltd,
which currently has two tender rigs. It provides sub-sea engineering services
through its wholly owned subsidiary, Mermaid Offshore Services Ltd (“MOS”).
MOS provides sub-sea inspection, repair and maintenance services, light
construction services and emergency repair and call out services in South East
Asia. Over the last five years, the Group has grown significantly in the areas
of sub-sea engineering, and more recently drilling services for the offshore
oil and gas industry as well as in training and technical services.
The Group operates throughout South East Asia, primarily in Thailand,
Indonesia, Malaysia and Vietnam. The Group has built and now operates a world
class facility at its operational base in Chonburi, Thailand. It is also
established shore base support functions in (i) Kuala Lumpur, Malaysia; (ii)
Songkhla, Thailand; and (iii) Jakarta, Indonesia to support its geographical
expansion.
The Group has developed a strong blue chip client base that includes some of
the world’s largest oil and gas-related companies such as Chevron, CUEL and PTT
Exploration and Production PCL. Some of its other clients include BP, Shell,
ExxonMobil, Saipem, Transocean, Petronas and Amerada Hess.

SGX source · Source update: 08/13/2026 08:45:31 AM (timezone not specified). Source text may be historical.