We are a leading international subsea services company that provides full turnkey services to oil and gas majors operating offshore
Global Presence
Area of our inspection, installation, repair and maintenance services (“IRM”) and cable services
Visit our website www.mermaidsubsea.co.uk
38
YEARS SINCE MERMAID MARITIME’S ESTABLISHMENT
4
GEOGRAPHICAL REGIONS
6 + 1*
SUBSEA VESSELS
*50% OWNERSHIP THROUGH MILLENNIUM 3 SHIP MANAGEMENT AND OPERATIONS DMCCO11 + 3**
REMOTELY OPERATED VEHICLES
**50% OWNERSHIP THROUGH ZEAQUEST CO., LTD.500+
SKILLED DIVERS, CREW, TECHNICIANS, SUPPORT SERVICE PROVIDERS & MANAGEMENT
3 + 14
SATURATION AND AIR DIVING SYSTEMS
I am delighted to present to you the detailed annual report for the fiscal year 2023, marking a year of significant challenges and remarkable triumphs within our industry. The global subsea market has displayed extraordinary resilience in navigating the short-term disruptions caused by the COVID-19 pandemic and the Russia-Ukraine war. Despite the volatility stemming from supply and shipping disruptions, global energy prices have adjusted, offering a stable outlook for the future, contingent upon unforeseen black swan events.
Prasert Bunsumpun
Chairman of the Board
Chairman of the Board
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to the offshore oil & gas industry