Last $49.86 USD
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Stuttgart
As of 9:57 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Pan American Life Center

601 Poydras Street

Suite 1500

New Orleans, LA 70130

United States

Phone: 504-568-1010

Fax: 504-566-4582

Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a fleet of marine service vessels. The company conducts its operations through wholly-owned United States (U.S.) and international subsidiaries, as well as through joint ventures in which the company has majority and sometimes non-controlling interests (where required to satisfy local ownership or local content requirements). The company’s vessels and associated vessel services provide support of all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying. The company’s offshore support vessel fleet includes vessels that are operated under joint ventures, as well as vessels that have been stacked or withdrawn from service. As of March 31, 2014, the company owned or chartered 294 vessels (of which 11 were owned by joint ventures and 15 were stacked) and 6 ROVs available to serve the global energy industry. The company had an additional 30 vessels under construction. Segments The company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa, and Sub-Saharan Africa/Europe. Americas: This segment includes the activities of the company’s North American operations, which include the U.S. Gulf of Mexico (GOM), and the U.S. and Canadian coastal waters of the Pacific and Atlantic oceans, Mexico, Trinidad, and Brazilian operations. Asia/Pacific: This segment includes the company’s Australian, Southeast Asian, and Western Pacific operations. Middle East/North Africa: This segment includes the company’s operations in the Mediterranean and Red Seas, the Arabian Gulf, and offshore India. Sub-Saharan Africa/Europe: This segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain arctic/cold water markets. Areas of Operation The company’s fleet is deployed in the major global offshore oil and gas areas of the world. The principal areas of the company’s operations include the U.S. GOM, the Arabian Gulf, the Mediterranean Sea and areas offshore Australia, Brazil, India, Malaysia, Mexico, Norway, the United Kingdom, Thailand, Trinidad, and West and East Africa. Vessel Classifications Deepwater Vessels: Included in this vessel class are large (approximately 230-feet and/or with approximately 2,800 tons in dead weight cargo carrying capacity) platform supply vessels (PSVs) and large, higher-horsepower (approximately 10,000 horsepower) anchor handling towing supply (AHTS) vessels. These vessels are chartered to customers for use in transporting supplies and equipment from shore bases to deepwater and intermediate water depth offshore drilling rigs and production platforms and for otherwise supporting intermediate and deepwater drilling, production, construction, and maintenance operations. Deepwater PSVs have large cargo capacities, both below deck (liquid mud tanks and dry bulk tanks) and above deck. Deepwater AHTS vessels are equipped to tow drilling rigs and other marine equipment, as well as to set anchors for the positioning and mooring of drilling rigs. Majority of its deepwater vessels also have oil recovery, firefighting, standby rescue, and/or other specialized equipment. The company’s deepwater class of vessel also includes specialty vessels that could support offshore well stimulation, construction work, and subsea services, and/or serve as remote accommodation facilities. These vessels are available for routine supply and towing services, and these vessels are also outfitted, and primarily intended, for specialty services. Included in the specialty vessel category is the company’s one multi-purpose PSV (MPSV). Its MPSV is approximately 311 feet in length, has a 100-

 

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Price/Sales 1.7x
Price/Book 0.9x
Price/Cash Flow 8.1x
TEV/Sales 0.6x
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