BANGKOK, Thailand – Mermaid Subsea Services (Thailand) (MSST) has created an offshore transportation, installation, and decommissioning services business unit.
Thai personnel will manage the new operation, bringing at least 10-20 years of experience in oil and gas operations and offshore facilities construction in the Gulf of Thailand.
Services will range from installation of new platforms and pipeline installation to decommissioning, designed to meet requirements from major oil operators in Thailand and the surrounding region.
Chalermchai Mahagitsiri, CEO of parent company Mermaid Maritime, said: “The potential for future decommissioning work is expected to increase in 2021 and continue over the next 10-20 years.
“In particular, the Gulf of Thailand has over 400 offshore platforms with an estimated 100 platforms to be approved by the Thai government for decommissioning over the next 10 years.”
Mermaid claimed this would be the first Thai-owned and Thai-operated services company in the offshore transportation, installation and decommissioning sector capable of delivering services to an international standard using qualified local content for the Thai market.
One major oil and gas operator in Thailand has already started a decommissioning program for 49 platforms to take place during 2020-2023. MSST has been approved as a qualified bidder to participate in the provision of services for these potential projects.