Corporate Services Division. 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. The press release is here. Corporate Information Technology Department. ZOM-ADES Onshore Rigs 799. Last week's piece on the failure of flag states and the International Maritime Organisation to make sure that vessel ownership is transparent and accessible chimed with a subsequent piece in The Guardian on superyachts, intriguingly entitled Secrecy, sex and sun. ZAMIL OFFSHORE Services Company. Sufyan Al Zamil is keenly aware of the responsibilities of running a successful business, which were ingrained in him by his father and his uncles. ZOM-SAUR Saudi Arabia. Panthers Picked For Gulf. Previously operating under separate brand names within the Mermaid Maritime Group, Subtech in West Africa and the Middle East, Zamil Mermaid Offshore Services in Saudi Arabia, Seascape Surveys in Singapore and Indonesia, and Mermaid Offshore Services in Thailand, Mermaid Subsea Services (MSS) was established in 2014 when the four subsea units were integrated as one. Utilisation problems and "going concern" warning.
Other growers (2) – ADES buys another seven units? Consequently, Mermaid's net loss from operations in 2021 was much reduced at US$17 million, a considerable improvement from the previous year's recorded loss from operations of US$32 million. ZOM-Joint Venture Zamil Saur. ZOM-Zamil O & M Head Office. All five are named after painters – Van Gogh, Picasso, Lichtenstein, Andy Warhol and Matisse. Mermaid Maritime scores $96M extension in Middle East. Efforts to sell other rigs including the ancient drillship Aban Abraham (built 1976 and laid up) and two other jackups are also under way, with closing twice delayed, and now expected at the end of this month ( here). ZOM-Free Energy Consultant.
In 1985 it again changed its name to Zamil Operations & Maintenance to encompass its growing involvement with government work. Company name changed to Zamil Operations & Maintenance to diversify in several fields other than marine. The return of so many former staff to Mermaid suggests a confidence in the business. ZOM-Catering Shipyard Jeddah. Posting Date (Descending Order).
Shipbuilding, Ship & Rig Repair division. ZOM-Operation & Chemical Injection. If an update is required it will typically take 3-10 working days to complete. This will be on top of the current fleet of 71 vessels and the three shipyards Zamil operates. Zamil mermaid offshore services company miami. "To mitigate the reduction in rates, Mermaid has also initiated a second round of cost efficiencies, centralization and consolidation of its business in order to improve its cost base and make it more efficient and competitive during this period while maintaining its operating excellence and safety performance, " Mermaid said of the Zamil contract. 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. Zamil's fleet vessels average age is less than 5 years. Van Gogh is fitted with built-in saturation diving and air diving systems, 120 berths for passengers and crew, and a 150-tonne active heave compensated crane.
He also made it clear that there were no guarantees for advancement in the family businesses and that a rigid policy requires enrollment in a number of management training programs before being considered for promotion up the ladder within the organization. Meanwhile, a jack-up drilling rig owned by Mermaid's associate Asia Offshore Drilling has secured a short-term contract extension at a reduced day rate until the end of this year. The company also reported that Simon Wilde had re-joined the company in 2020 and took up the role of Commercial Director based in Dubai, whilst Hans Huijskens recently came back to Mermaid with responsibility for the submarine flexible product installation aspect of the business as Country Manager of the UAE. Given the protracted weak market through to the start of 2022, this proved to be a blessing for the Thai company, which is listed in Singapore and is 58 per cent owned by Thoresen Thai Agencies. When it cancelled the order, Mermaid forfeited the pre-delivery installments of US$20. You have been signed out. Zamil mermaid offshore services company. ZOM-KFHU Upgrading Electric System. Completed submission. General information we source: We include a set of diagrams with every profile: UBO Explorer and network diagrams. ZOM-Aramco Midyan Gas Plant (MGP). Yes, 100% of the Time. On April 13, Indian rig owners Aban Offshore announced that it had also entered into an agreement with ADES to sell its rigs ( here) to pay down some of Aban's. The outstanding performance of the Zamil Diesel-Electric class & the Roll Royce AHTS vessels which have been delivered to work with Saudi Aramco in their offshore oil fields in the Arab Gulf, encouraged Saudi-Aramco to charter all Zamil built vessels in long term contracts. Being a smaller system operators can use a smaller ship, if necessary – an advantage in the shallow waters of the region.
This commitment was recently recognised by CUEL for the outstanding safety contribution made by MSS's Thailand team following seven million man-hours offshore without a day away from work incident. 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. MOD Operations Department. Zamil mermaid offshore services company website. 1 billion barrels of reserves with a combined capacity of 3. While the company relies heavily on Saudi Aramco for its core business, it is also recognized by the major oil and gas companies and other industries as the leader in marine services throughout the Middle East. With decades in the business and a raft of contacts, this is the go-to column for the behind-the-scenes wheelings and dealings of the volatile offshore market. "While the focus of Zamil's offshore operations will remain in the Middle East, we are planning to go further afield. A recent major project for the company has been in Qatar, where it has been installing two 100 kilometre-long circuits of 132 kV cables for efficient electric power supply from Ras Laffan Industrial City to Halul Island. ECD 17 Cranes Project Department.
ZOM-Zamil AC-Jubail. The company he heads will continue to expand its fleet of advanced vessels and upgrade its shipyards on the Arabian Gulf and Red Sea to meet the growing demands of the offshore and merchant marine industry in Saudi Arabia and the Middle East. Login, to view details. 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. Saab ROVS receive long-term contract offshore Saudi Arabia | Offshore. ADES bought Emerald Driller, which was already operating in Qatar, and Sapphire Driller and Aquamarine Driller, which have also both won contracts in Qatar.
The Gusto-designed vessel is scheduled to be launched this December, ready for new contracts in 2014. Saudi Arabia's offshore oilfields hold about 76. 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. Sufyan Al Zamil has been recognized as one of the rising young executives under forty years of age in family businesses worldwide.