Mermaid Marine, an Australian company formerly listed on the Australian Securities Exchange (ASX: MRM), provided a diverse range of services to the offshore oil and gas industry. Before its acquisition by Jaya Holdings in 2013 and subsequent absorption into the broader marine services market, Mermaid Marine held a significant position in the Asia-Pacific region. **Services Offered:** Mermaid Marine’s core business revolved around the provision of supply base services. This included: * **Supply Base Management:** Managing logistics, warehousing, and inventory for offshore projects. They acted as a vital link in the supply chain, ensuring that necessary equipment and materials reached offshore platforms and vessels efficiently. * **Vessel Support:** Providing berthing, fuel, water, and waste management services to a variety of vessels including platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSVs), and construction barges. * **Materials Handling:** Operating specialized equipment for loading, unloading, and storing heavy and oversized cargo, crucial for the oil and gas sector. * **Stevedoring:** Handling cargo on and off ships at port facilities. * **Quarantine Services:** Managing biosecurity risks associated with offshore operations. * **Property Management:** Leasing and managing industrial properties in key port locations. In addition to these core supply base services, Mermaid Marine also offered: * **Engineering and Fabrication:** Providing engineering, procurement, and construction (EPC) services for offshore infrastructure. * **Subsea Services:** Including inspection, repair, and maintenance of subsea pipelines and equipment. **Geographic Focus:** Mermaid Marine primarily operated in Australia, with a significant presence in key offshore oil and gas hubs such as Dampier and Broome in Western Australia. They also had operations in Southeast Asia. Their strategic locations allowed them to effectively serve the needs of oil and gas companies operating in the Timor Sea, the Carnarvon Basin, and other important offshore areas. **Acquisition and Delisting:** In 2013, Jaya Holdings, a Singapore-based offshore support vessel provider, acquired Mermaid Marine. Following the acquisition, Mermaid Marine was delisted from the ASX. Jaya Holdings itself was subsequently acquired by Otto Marine, further integrating Mermaid Marine’s former operations into a larger global marine services network. **Relevance and Significance:** While no longer an independent publicly traded entity, Mermaid Marine’s legacy highlights the crucial role of specialized marine service providers in supporting the offshore oil and gas industry. The company’s success stemmed from its ability to provide a comprehensive suite of services, strategically located facilities, and a strong understanding of the complex logistical demands of offshore operations. **Google Finance and Historical Data:** Because Mermaid Marine is no longer a publicly traded company, you will not find current stock information for “Mermaid Marine” on Google Finance. Historical stock data and financial reports may still be accessible through historical databases maintained by financial data providers like Refinitiv, Bloomberg, or various investment research platforms, although accessing this information may require a subscription. The historical ticker symbol on the ASX was MRM. In conclusion, while Mermaid Marine no longer exists as an independent entity, it served as a significant player in the marine services sector, particularly in Australia. Its story illustrates the consolidation trends within the industry and the crucial support services necessary for offshore oil and gas development.
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