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Mermaid Marine Australia

Working closely with our clients to understand their current and emerging needs, MMA is able to provide a range of marine solutions based on newbuild vessels, vessels purchased on market or vessels chartered into Australia from overseas owners. We have developed relationships with quality yards in Singapore, China and Malaysia and have recently taken delivery of new vessels from these yards. MMA is also able to source vessels for shorter term engagements and bring them into Australia under an Australian crew and management system. With the regulatory regime becoming more stringent, this expertise is of increasing importance as the industry develops in Australia.

MMA currently has a fleet of over 20 offshore vessels, the details of which are provided on our website. We undertake a range of activities including:

* FPSO offtake support
* Supply operations - Drilling and Production
* Survey support
* Dive and ROV support
* Offshore Maintenance
* Tug and barge operations for offshore construction

MMA recently collaborated with Apache Energy in Australia to build and operate a multi-purpose DP1 vessel to support offshore maintenance, survey and ROV operations. This vessel, the Mermaid Investigator, arrived on the Australian coast in April 2006 and has gone straight to work for a range of operators including Apache Energy. This is just one example of the services we can provide and we now have long term contracts with a number of blue chip offshore operators including:

* Australian FPSO Management
* Apache Energy
* BHP Billiton Petroleum
* Chevron
* Origin Energy
* Santos
* Vermillion
* Woodside Energy

MMA recently undertook a major transaction with Total Marine Services (TMS) whereby Mermaid Marine purchased their offshore vessels for $24 Million and entered into a long term contract with TMS to supply personnel for our vessels. Quality marine personnel is a vital element of our service and by teaming up with the largest provider of marine crew in Australia we believe we are now in the enviable position where we are able to attract and retain the best possible people for our operations. This provides MMA with a long term strategic advantage which will take on more significance as demand for marine personnel increases.