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A year later, the Wall Street Journal reported ( here) that attorneys for the company's creditors, escorted by Mexican federal police officers, flew in helicopters to Oro Negro's five drilling rigs in the Gulf of Mexico and attempted to seize control of them, after the company had defaulted on over US$900 million of bonds. All marine and offshore activities were demerged in a new company named Zamil Offshore. At the same time, the company has opened an office in Singapore to be closer to the offshore oil and gas dynamics in Southeast Asia and especially in Malaysia and Indonesia. The new shipyard will double the company's new construction and repair capabilities and absorb the repair and maintenance business of the entire Zamil Offshore fleet in addition to many of the offshore vessels serving in the Arabian Gulf. With both the Argent rigs and the Aban acquisitions, as well as the Vantage purchases, ADES looks to have been using its newly acquired financial heft to buy assets from indebted owners keen to raise cash. The Group supports the offshore oil and gas industry by providing subsea, which is where MSS fits in, and offshore drilling services. And for an operator, its number of thrusters offers a high level of redundancy to keep the vehicle working before bringing it home. Zamil Offshore is a Saudi Private Sector Closed Stock Company affiliated to Zamil Group Holding one of the largest private sector groups in the Kingdom. Zamil mermaid offshore services company india. The company secured contract extensions for the two other rigs in July in deals worth a combined $225m in contract backlog. Following this work, MSS was awarded a contract to install approximately 6200 metres of articulated pipes to protect and stabilise the installed cables in the shallow water shore end sections in both Halul and Ras Laffan. According to the manufacturer, the Panther XT Plus is a popular vehicle in the Gulf for a number of reasons: It can handle 90% of the tasks normally undertaken by a hydraulic work-class ROV bringing major savings to operations in the Gulf. "This reduction in rates was part of a cost reduction initiative driven by the client, given the challenging business environment, " Mermaid said in a filing. Considering that the record is unblemished in 2014 and 2015 this phenomenal effort looks set to keep on improving – and long may it do so! " The Saudi Aramco rig fleet today numbers approximately 170, and Zamil Offshore's Engineering & Construction division remains the top service provider.

Zamil Mermaid Offshore Services Company Info

Founded as Zamil Marine Services, it was renamed Zamil Marine & Catering Services in 1980 to better identify its catering business for employees at terminals, vessels and offshore/onshore oil and gas facilities. The pivot – Mermaid rises, Van Gogh gone. Zamil Al Zamil (founder of Zamil Offshore) earned his degree in Petroleum Engineering in the U. S. He returned to Saudi Arabia to join the Ministry of Petroleum and was employed by Aramco, which provided him the opportunity to work in the offshore marine sector. December 2018 To November 2020. You can read the full press release here. You have been signed out. Zamil mermaid offshore services company info. Its fleet is expanding and will reach 55 vessels by mid 2009 (Currently we operate 46 vessels and have 9 more vessels under construction in Saudi Arabia and China); Our fleet vessels include; Anchor Handling AHTSS vessels, Supply vessels, Utility boats, Workboats and Crew boats. Last year Zamil also acquired a liftboat, with accommodation for 50 persons, as part of its ongoing diversification plans.

Zamil Mermaid Offshore Services Company Uk

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. "The 132kV cable comprises three core power cables with embedded fibre optic cables to transmit 100MW power in total, " states Hans. List of subsea service companies | aiHit. From its inception Mr. Zamil Al-Zamil was appointed president of the company. The Jeddah yard's two floating docks and other facilities are currently undergoing major upgrades.

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UAE-based Gulf Marine Services (GMS) has ordered a third E-class jack-up vessel, to be named GMS Enterprise, from the company's facility in Abu Dhabi. It is a recognition that has been earned through two generations of Zamil leadership, and its future looks very bright indeed. Our connection diagrams can now be found in the Owners and Holdings tabs. Argent 4 was last seen being offered unsuccessfully by a Brazilian agent for a Petrobras tender in Brazil in 2021. Login, to view details. Aramco was growing rapidly, and the Saudi government bought 100 percent control in 1980 and in 1988 renamed the company Saudi Aramco. Ultra Deep Solutions (UDS), the Singapore based commercial diving company, formerly boasted of operating five of the shiniest and most prestigious dive support vessels (DSVs) in the world. You currently have: By pressing this button 1 of your Monitor Slots will be used. ZOM-CPF AGC Khurais. Good luck with that. News Content Hub - Saudi Arabia the focus for fleet expansion. As to its marine operations expansion, in 2012 the company entered into a joint venture with Mermaid Maritime, a leading provider of subsea and dive services based in Thailand and traded on the Singapore Stock Exchange. It owns and operates the largest specialized offshore Fleet in the Arabian Gulf.

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But Mermaid's misfortunes provided an opportunity for UDS. Mermaid will continue to provide a suite of diving services using its modern DP2 saturation dive support vessel "Mermaid Asiana" along with remotely operated vehicles, specialized diving equipment and divers. No price was given for the transaction. He received his undergraduate degree from the University of Delhi. When Mermaid cancelled, UDS promptly stepped in and started to operate the vessel, which has been renamed Lichtenstein. Aban's most recent fleet status report ( here) showed that the company had only six of its fleet of seventeen rigs working, and told the Indian stock market that between them, the four rigs had generated less than US$10 million of revenue in total in the preceding financial year. MOD Technical Department. ZOM-Aramco Service & Maintenance for NGPD Sanitary. Chouest reported that it was selling ten vessels to rival Hornbeck in January, so, like UDS, it appears to be on a trajectory of fleet reduction. Zamil Mermaid Offshore Services Co Profile. ZOM-Al Hasa Airport. Other growers (1) – Tidewater. ZOM-RC O&M Irrigation Project.

Zamil Mermaid Offshore Services Company History

One of the first projects in the new yard will be completion of the two flat-bottom DSVs. After the sale, Maersk Drilling's rig fleet will total ten jackup rigs, all of which are suited for operations in harsh environments, and eight deepwater floaters. ZOM-ARAMCO MBR Durma. MOD Operations Department. He explained that all three vehicles will need to carry out multiple work tasks including light construction, inspection and surveying. Cash flow was just below break even (at minus US$3 million for 2021). The ADES purchase closes a bitter and expensive episode for Oro Negro's creditors, and provides ADES with new rigs for its Saudi Arabian customer, Saudi Aramco. Mr. Jitender Pal Verma is a Chief Financial Officer at Voltas Ltd., a Member at Thai Institute of Directors Association and a Member at The Institute of Chartered Accountants of India. Mermaid estimates its portion of the revised contract value for the remainder of the term will be not less than around $70m. ZOSCO Arab Academy -Egypt. Zamil mermaid offshore services company history. The 2005-built barge was purchased from troubled offshore construction contractor Swiber Holdings, which has long been under judicial management in Singapore ( here).

Zamil Offshore Services Co

Zamil shipyard order book includes also; one buoy handling vessel and 3 tugs for the Saudi Ports Authority, 2 tugs for the Saudi Royal Navy and one diving support vessel for Saudi owner. GMS chief executive, Duncan Anderson, said the ability to build the vessels in Abu Dhabi was a key advantage. The rigs are nearly new and have been subject to years of fierce litigation. Job Title (Descending Order). This unit has been employed with the client since 2013, as have two other jack-ups owned by Asia Offshore Drilling. Sea Ports Operators. Click OK to reset the timer to {0} minutes. Company name changed to Zamil Marine & Catering Services for diversification in the operation and management of accommodation barges. Access My Saved Searches.

Zamil Mermaid Offshore Services Company Limited

The company has been change to closed stock holding company, Mr. Zamil Al Zamil is the chairman and Mr. Sufyan Al Zamil is the President. Register free with Decypha and get access to real-time price information and many other features including Technical Scanner, Fundamental Screener etc. Added to the job cart. Management information we source: Holdings information we source: Ownership information we source: Other information we source: * If available – we may not hold all of this information for every profile. He is on the Board of Directors at Mermaid Drilling Malaysia Sdn.

This is a 102-metre-long barge, also equipped with a 300-tonne crane, but also fitted with a 120-tonne pipelay tension system. ZOM-MASA HVS Jubail. The newbuilds include two shallow-draught, flat-bottom dive support vessels (DSVs), which are being built at its own shipyard, and a crewboat at another shipyard in the region. The immediate benefits of receiving a large chunk of investment from the Saudi Arabian state quickly became apparent for ADES. An integrated approach.