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ASSOCIATE COMPANIES

Under the leadership of Chairman Mr. Prayudh Mahagitsiri, PM Group manages the businesses of various subsidiaries with assets valued over USD 2 billion. The company also holds a stake in Thoresen Thai Agencies PLC, a strategic investment holding company with three primary business groups - Transport, Energy, and Infrastructure, as well as many other associate companies such as POSCO Thainox PLC and Mermaid Maritime PLC.

ASIA OFFSHORE DRILLING LIMITED

Asia Offshore Drilling Limited (“AOD”) is a jack-up rig company with three KFELS Mod V - B Class jack-up rigs being constructed at Keppel FELS Limited in Singapore. The company was established by Mermaid in 2010 with the aim of owning and operating a fleet of modern high specification jack-up rigs. AOD also provides tender rig drilling and subsea engineering services for the offshore oil and gas industry, primarily in Southeast Asia. All the three jack-up rigs are currently under contract with Saudi Aramco, the largest oil and gas company in the world. The Company is listed in Norway on the Oslo Stock Exchange.

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