Thailand: Operations Director Resigns from Mermaid Offshore Services

Mermaid Maritime Public Company Limited announces that Mr. Simon Matthew Turner (46) , Operations Director, Mermaid Offshore Services Ltd. is leaving the company to pursue 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. The Company said it would like to thank Mr. Turner for his contributions and wish him all the success in his future endeavors.

Mr. Turner is presently a director of the following subsidiaries of the Company:

– Seascape Surveys Pte. Ltd.

– PT Seascape Indonesia

– Mermaid Offshore Services Ltd.

– Mermaid Training and Technical Services Ltd.

– Seascape Surveys (Thailand) Ltd.

– Subtech Ltd. (Seychelles)

– Subtech Saudi Arabia Ltd.

– Mermaid Offshore Services Pty. Ltd.

– Mermaid Offshore Services Pte. Ltd.

Prior to or upon his cessation, Mr. Turner will resign from his directorship of these subsidiaries.

Mermaid Offshore Services Ltd. (“MOS”), a wholly owned subsidiary of MML, is a leading provider of sub-sea services to the worldwide energy industry, not only supporting projects throughout Asia Pacific but also in the North Sea, the Mediterranean, Brazil, the Middle-east, India and Sakhalin Island in Russia. MOS provides sub-sea inspection, repair and maintenance services, light construction services, survey services, and emergency call out and repair services. MOS’s existing fleet consists of seven vessels. Four of these vessels are specialize saturation dive support vessels, with the remaining three supporting air diving, ROV operations and inspection service. Other key assets, include air diving spreads and twelve Remotely Operated Vehicle (“ROV”) systems.

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Source: Mermaid Maritime, October 20, 2011