Company Profile
We provide full turnkey services to oil and gas majors operating offshore through our diversified portfolio of subsea vessels, specialized diving equipment and remotely operated vehicles. We have been in the offshore business for over 40 years and we are today present in five geographical regions with a team of over 1,000 professional divers, technicians, surveyors, management and support staff. Our visions are to be a premium service provider to the offshore oil and gas industry, to expand our business by types and regions to serve more customers demand and to constantly deliver enhanced return to our shareholders.
Strengthening our Core
In adhering to our “Strengthening our Core” strategy, we prioritized the safeguard to our home market and streamlined our internal processes. Our achievements included securing a key IRM contract extension, rationalization of non-performing assets across our subsea services segments, qualifying as a decommissioning service provider, expanding into the offshore wind cable installation market, extensive consolidation and cost efficiency improvement while remaining a high quality of services.
Positioning for Growth
In furtherance to our “Positioning for Growth” strategy, we focused on a groundwork for new market expansion and cross selling of services through the value chain move to higher value engineering segments offering short and medium range turnkey contracts or lump sum contracts.
Global Presence
Area of our inspection, installation, repair and maintenance services (“IRM”) and cable services
Visit our website www.mermaidsubsea.co.uk
