Tue, Jun 30, 2020 - 9:21 PM A SUBSIDIARY of offshore services provider Mermaid Maritime has set up a new business unit focused on offshore platf
Tue, Jun 30, 2020 – 9:21 PM
A SUBSIDIARY of offshore services provider Mermaid Maritime has set up a new business unit focused on offshore platform installation and decommissioning, to target demand from major oil operators in Thailand.
The offshore transportation, installation and decommissioning services business unit, parked under the subsidiary, Mermaid Subsea Services (Thailand), will comprise Thai personnel with at least a decade’s work experience in oil-and-gas operations and offshore facilities construction in the Gulf of Thailand.
Chalermchai Mahagitsiri, chief executive at mainboard-listed Mermaid Maritime, said that the demand for decommissioning work is expected to rise in 2021 and continue doing so over the next 10 to 20 years. The Gulf of Thailand has over 400 offshore platforms; a quarter are estimated to be approved by the Thai government for decommissioning over the next 10 years, he added.
Mr Mahagitsiri also said that the new unit will make Mermaid Maritime the first Thai-owned and Thai-operated services company in the offshore transportation, installation and decommissioning sector with the capability to deliver services…