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In January, Mermaid took delivery of a second work barge, the pipelayer Resiliant, previously known as Swiber Conquest, which is operating under the Panama flag in South East Asia. In 1999 the company was awarded a lease contract to manage and operate Dammam's King Abdul Aziz Sea Port Marine facilities, including navigation and pilotage. One of the first projects in the new yard will be completion of the two flat-bottom DSVs. Two companies affiliated with Singapore's Mermaid Maritime have renegotiated their respective contracts at lower rates with what appears to be the same Middle Eastern client. Sea Ports Operators. While the company does not provide more details on the joint venture, it is likely that this is Zamil Mermaid Offshore Services Company based in Saudi Arabia. ZOM-RC Jubail O & M of Equipments JTI/JIC. Zamil mermaid offshore services company limited. Although he is a Zamil family member with a degree in Systems & Industrial Engineering and a Master's in Business Administration, he had to begin his career with the company on the plant floor working alongside other employees. Its facilities include a Rolls Royce 7, 000-ton Synchrolift serving nine dry berths. Discussing the reasons behind the company's success in its core business areas, Hans says: "It is not just the comprehensive range of subsea services that the group offers but most importantly the never ending quest to do so with adherence to the highest industry standards and to this end MSS is a full member of the International Marine Contractors Association (IMCA) and is committed to providing a quality service in a safe, efficient and professional manner. "
Bhd., Mermaid Drilling (Singapore) Pte Ltd., MTR-1 (Singapore) Pte. Previously operating under separate brand names within the Mermaid Maritime Group, Subtech in West Africa and the Middle East, Zamil Mermaid Offshore Services in Saudi Arabia, Seascape Surveys in Singapore and Indonesia, and Mermaid Offshore Services in Thailand, Mermaid Subsea Services (MSS) was established in 2014 when the four subsea units were integrated as one. Where are my saved searches?
August 2017 To September 2018. Schedule (Descending Order). Register free with Decypha and get access to real-time price information and many other features including Technical Scanner, Fundamental Screener etc. ZOM-Catering Tanajib. Mermaid Maritime scores $96M extension in Middle East. Zamil Mermaid Offshore Services has chosen three Saab Seaeye Panther XT Plus ROVs for a seven-year inspection and repair contract for Saudi Aramco. Although the market is anticipated to remain challenging throughout 2015 and 2016 due to a depressed oil price, MSS will continue to thrive in areas such as the Middle East where it has seen strong demand for new development, IRM and brownfield modernisation/enhancement works. Zamil group founded Zamil Marine Services. Saving Search Queries. This will use: 1 Monitor Slot. Mermaid estimates its portion of the revised contract value for the remainder of the term will be not less than around $70m.
Manager without Direct Reports. Resiliant can accommodate a total of 284 people on board, and Mermaid has said that it will use the unit to target decommissioning projects in Asia. Zamil Mermaid Offshore Services Co Profile. Van Gogh is fitted with built-in saturation diving and air diving systems, 120 berths for passengers and crew, and a 150-tonne active heave compensated crane. Issue 122 July 2015. Now, and after 30 years in the offshore and marine business, Zamil Offshore Services became the largest Offshore Marine services company in the Middle East.
Zamil is converting the four supply vessels into DSVs to meet the requirements of a five-year contract it has (along with diving specialist Mermaid) to provide diving support operations for Aramco. The Group supports the offshore oil and gas industry by providing subsea, which is where MSS fits in, and offshore drilling services. In addition to this project, MSS also successfully completed a scope of work for the Hasbah & Arabiyah offshore and onshore facilities project in Saudi Arabia in 2015. Zamil mermaid offshore services company website. Corporate Services Corp. HR Department. This will be on top of the current fleet of 71 vessels and the three shipyards Zamil operates. Approximately 25, 000 vessels sail through the Red Sea each year, and about 6, 000 of them call at the Jeddah port. Then, in December, Vantage Drilling announced ( here) that it had agreed to sell three of its jack ups to ADES for US$170 million. ZAMIL OFFSHORE Services Company.
Paul Whiley was appointed to the Mermaid Board on November 20 last year. ZOM-Wadi Dawasir Airport. In Asia, obviously Chevron, CUEL, PTTEP, PTT, PTSC, COOEC, Romona, and Mubadala are our most valued and in Russia we highly value Sakhalin Energy and ENL. The 2005-built barge was purchased from troubled offshore construction contractor Swiber Holdings, which has long been under judicial management in Singapore ( here). Mermaid Subsea Services. ZOM-Aramco Midyan Gas Plant (MGP). Whilst Mermaid has been growing and re-hiring, UDS has been in litigation with one of its customers, Hindustan Oil Exploration Company (HOEC) in India.
In June 2013 the company won a ten-year lease to operate the Jeddah Ship Repair Yard on the Red Sea. Drawing offshore platforms 2D & 3D. During the 1970s the Saudi government began acquiring shares in Aramco as oil production doubled and the company took its place at the forefront of world oil and gas production. ZOM-ZOSCO Catering Dammam Port. He was a co-founder of Mermaid's business unit in the Middle East, but had resigned at the end of 2016 due to family reasons, the company said. ZOM-RC O&M Irrigation Project. At time of purchase, you will have access to the existing full profile. Given the protracted weak market through to the start of 2022, this proved to be a blessing for the Thai company, which is listed in Singapore and is 58 per cent owned by Thoresen Thai Agencies.
Rig analytics company Esgian reported here in its weekly report that Deep Driller 2 and Deep Driller 6 "are both currently working off UAE, for Dana Gas and ADNOC respectively, while Deep Driller 4 and Deep Driller 5 are both stacked off Singapore. ZOM-SEC-Southern & Northern. When Mermaid cancelled, UDS promptly stepped in and started to operate the vessel, which has been renamed Lichtenstein. "Mermaid Subsea Services (MSS) is a key member of the well-established global oil service specialist and Singapore SGX-listed Mermaid Maritime. ZOM-Eastern Morris Cranes. Diversification has always been an ongoing business practice at the company. Indeed, the published value of its Vantage, Noble, Maersk and Aban acquisitions is actually close to the entire value of ADES as a whole, when it was taken private just last year. It is a recognition that has been earned through two generations of Zamil leadership, and its future looks very bright indeed.
Last Tuesday, ship broker Braemar ACM reported that ADES had acquired the laid-up, cold-stacked jackups Argent 4 and Argent 5 in the Bahamas, and had placed the units on a heavy lift vessel bound for Bahrain. A Legacy of Success. All of the fleet expansion is set against long-term contracts with Aramco. The judgement of the arbitration petition in the High Court in Mumbai can be viewed online here, and Zarir Barucha's legal analysis of the judgement is here. ZOM-Marafiq-Jizan O & M. ZOM-Marafiq-jubail. The pivot – Mermaid rises, Van Gogh gone.
ECD LTA Project Department. These offshore fields represent roughly 30 percent of total Saudi reserves and four percent of global demand. ADES paid Noble more than US$285 million for ownership of Noble Roger Lewis, Noble Scott Marks, Noble Joe Knight, and Noble Johnny Whitstine, and also took over the employment of the rigs' crews. The contract has a two-year extension option attached, which has not yet been exercised. The press release is here. ZOM-ARAMCO RTPD STP Project. ZOM-R&M Solar Lights. Mermaid's Qatar-based subsidiary, Subtech Qatar Diving and Marine Services, is teaming up with Zamil Offshore in subsea inspections, repairs and maintenance, and light infrastructure construction services for the offshore oil and gas industry in the Arabian Gulf. Last week's piece on the failure of flag states and the International Maritime Organisation to make sure that vessel ownership is transparent and accessible chimed with a subsequent piece in The Guardian on superyachts, intriguingly entitled Secrecy, sex and sun. Then Gulf War Two caused repeated dramatic swings in oil prices, and Zamil Offshore continued cultivating existing and new contracts with Saudi Aramco while investing in additional vessels, facilities and highly qualified personnel. Being a smaller system operators can use a smaller ship, if necessary – an advantage in the shallow waters of the region. As the premier and only shipbuilder and top ship repairer in Saudi Arabia, Zamil Offshore invested almost $250 million in building an advanced shipyard next to its current Port Marine Yard in Dammam. The company's stock is up 40 per cent since the low of October 2020, and Mermaid remains very under-geared, with cash and cash equivalents of US$19 million, and total debt of only US$52 million at year end. ZOM-Aramco Service & Maintenance for NGPD Sanitary.
It recently received a six-vessel contract from a Gulf State country. Faced with strong currents, the Panther XT Plus' unique combination of 10 powerful thrusters and twin Schilling manipulators means it can hold station in strong currents of up to four knots whilst working at complex or robust tasks. The company also reported that Simon Wilde had re-joined the company in 2020 and took up the role of Commercial Director based in Dubai, whilst Hans Huijskens recently came back to Mermaid with responsibility for the submarine flexible product installation aspect of the business as Country Manager of the UAE. However, if Mermaid Maritime's problems had been UDS' advantage in 2016, suddenly UDS's fleet became Mermaid's opportunity this year. Jobs available in: Return to previous position on page. 3 years consists of PSVs, anchor handlers, crewboats and DSVs, and currently has a utilisation rate of 98 per cent. UDS' first vessel, Lichtenstein, was the former Mermaid Ausana, designed by Norway's Marin Teknikk. Alongside its offshore fleet investments, Zamil is about to complete the building of a new shipyard on 200, 000m2 of reclaimed land inside the port of Dammam, next to its existing facility. The barge has a 300-tonne crane and accommodations for 239 people, and can be eight-point moored, as well as operated in DP. In fact, the Panther XT Plus has 50% more power than any other ROV of its type and can swim 30% faster, Seaeye said.