Last time I was in MSB we were the only vessel there.
Maybe they have done well to get out of the supply base, All the construction projects are coming to completion or completed, so there are only service requirements.
Purchase would suit Toll, as it is a major service provider to Barrow Island, but there is also the option to work out of Onslow, and there is a new port about to be handed over the WA gov.
Earlier comments about working vessels out of Singapore are not logistically viable for working NW Australia.
last sight of Broome supply base was basically a vacant space with nil activity. Ring your friends living in Broome, and they will tell you about the downturn there.
MRM are well respected in the industry, and are getting a reputation for thinking outside the circle, and coming up with solutions where others thought it too hard. That hasn't changed.
As oil producers look for savings MRM development continue to come up with solutions. The Oil Majors have any vessel operator over a barrel at present, and are looking through their safety cases and compliance requirements so if MRM are being found up to standard is very positive.
Woodside, a major stake holder in the NW Gas has it's own supply base so any escalation of drilling operations by them will not impact on MRM's ex-supply base prospective revenue.
The slip way is possibly a little inadequate to service vessels other than tugs/pilot boats/ or smaller vessels, where the type of vessel operating out of the area to service platforms in the area are probably too large to be catered to.
Not sure what to think of it all, but what some consider a jewel in the crown, may have the potential to be a thorn in the side, and be a good option in a bad situation. I will continue to have faith, and sit on the fence, and wait for a buy out, or re-immergence.
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