So you can see why Mermaid Marine has such an advantage when it comes to work in Australia. Chevron, Woodside, Apache, and all the other majors in the Oil and Gas Industry must comply with this issue, when using marine vessels.
The other point to consider when the tenders go out, is the Health Safety Environment and Security history in reference to the Company doing the work. In this case Mermaid Marine Australia fully complies.
Without this compliance, there is absolutely "buckley's chance" of getting into the tender proccess
Below is an extract from Mermaid Marines end of year report
Health Safety Environment and Security
Work hours across the organisation increased by 44% over the year as a result of growth in our core operating businesses and the construction activity on the Dampier Supply Base. This growth was on the back of a 40% increase in work hours in the previous financial year and presents a number of challenges in managing the health and safety of our personnel. MMA employs an Integrated Business Management System (IBMS) as the fundamental tool in ensuring that our safety management processes are captured within our core business processes. This management system is constantly reviewed internally and externally to ensure that the company continues to improve in both safety and execution. In the previous financial year MMA recorded a 70% improvement in our “All Injury” frequency rate which was an excellent outcome. While MMA has not been able to achieve the same level of improvement in the 2009 financial year we have put in place a number of initiatives that will assist in our goal of an injury free workplace. During the past year there have been a total of 27 statutory / regulatory audits, 16 client audits and 39 internal audits all of which have provided opportunities to verify system compliance and identify improvements to ensure our systems continue to grow with our business. The number of audits also highlights the criticality of our systems both internally and in meeting the ongoing expectations of clients and regulatory bodies. As the overall safety performance improves across the organisation more sophisticated tools are required to enhance our safety culture and performance. We have proven over the last 12 months that work sites that identify the most hazards are statistically the safest worksites and the process of hazard identification has been reinforced across the organisation. In addition, MMA’s safety group is working towards implementing a more behavioural based safety system across the organisation and is liaising with our clients to plan and develop this approach. The Dampier Supply Base and our offshore vessels are captured under the International Ship and Port Security Code (ISPS Code) which was introduced in Australia in July 2004. The aim of this code is to “detect security threats and take preventative measures against security incidents affecting ships or port facilities used in international trade”. Compliance with this code is fundamental to our operations both in Australia and internationally. With more MMA vessels trading internationally and the Dampier Supply Base servicing more vessels this aspect of our compliance operations takes a high profile. Environmental compliance is one of MMA’s key operating licences and as such MMA has a comprehensive environment management and monitoring program in place. Management of our operations to ensure we operate in an environmentally sustainable manner is crucial to our ongoing success and monitoring programs provide the necessary evidence required to demonstrate we are not negatively impacting on the sensitive areas in which we operate. MMA has achieved 100% compliance in all aspects of our licences and State Government Ministerial environmental requirements.
MRM Price at posting:
$2.53 Sentiment: LT Buy Disclosure: Held
