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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.

MERMAID MARITIME PLC

Mermaid Maritime PCL serves the offshore oil and gas industry in Southeast Asia and recently expanded its subsea services to China, India, the Middle East, Brazil, and the United Kingdom Continental Shelf. Mermaid’s operational base is in Chonburi, Thailand, and it has established shore base support functions in Kuala Lumpur in Malaysia, Jakarta in Indonesia, Singapore, and Qatar in the Middle East; to support its geographical expansion. Mermaid operates principally through two business segments, offshore drilling services and subsea engineering services, using a fleet of subsea support vessels and drilling rigs.

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