Mr. Simon Matthew Turner Leaves Mermaid Offshore (Thailand)

Mermaid Offshore Services Ltd. announces that Mr. Simon Matthew Turner leaves its possition of Operations Director to pursue with personal interests.

During his close to 20 year tenure with the Company, Mr. Simon Matthew Turner performed various roles in implementing strategies contributing to the growth of the subsea engineering services business of the Company.

Mr. Turner was an integral member of the original team which developed the subsea engineering services business from a domestic air diving company to an international oil and gas service provider of subsea inspection, repair and maintenance services, light infrastructure construction services, emergency repair and call out services, deepwater ROV support and salvage, and in turn overseeing the expansion of the Company’s fleet to its present of eight subsea vessels.

Mr. Turner became Operations Director in December 2010, after serving previously in roles as the Commercial Director and General Manager during his tenure with the Company from 1993 to 2010.

Mr. Turner will provide assistance during a transitional period to the Company for the remainder of 2011.

Mermaid is a leading provider of drilling and sub-sea engineering services for the offshore oil and gas industry. Over the last six years they have grown significantly in these areas. Their sub-sea engineering division service clients in South East Asia, India, China, Sakhlin, the North Sea, the Middle East and South America. Their drilling division has two tender rigs in operation, one of which is performing drilling services in Indonesia. Their mission is to deliver a world class service to the region from within the region.

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Source: Mermaid Offshore Services, October 20 , 2011