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Cross Border to Oslo – Asia Offshore Drilling Finds Capital

A subsidiary of Thoresen Thai Agencies Public Company Limited, Mermaid Maritime Public Company Limited (“Mermaid”) was incorporated in 1983 and operates in two specialized niches within the offshore oil and gas sector. Mermaid Drilling Services provides drilling services while Mermaid Offshore Services Limited provides sub-sea engineering services. The former was the owner and operator of two tender drilling rigs, which business management had targeted for expansion by earmarking over $70 million for future investments.

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