Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. 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vessel fleet includes vessels that are operated under joint ventures, as well as vessels that have been stacked or withdrawn from service.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, 2016, the company owned or chartered (under sale-leaseback agreements) 269 vessels (excluding 9 joint venture vessels, but including 77 stacked vessels) and 8 ROVs available to serve the global energy industry. Segments The company manages and measures its business performance in four operating segments that are based on its geographical organization: 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 operations in the United States Gulf of Mexico; and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad, and Brazil. Asia/Pacific: This segment includes the company’s Australian and Southeast Asian and Western Pacific operations. Middle East/North Africa: This segment includes the company’s operations in the Mediterranean and Red Seas, the Black Sea, 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 other arctic/cold water markets. Geographic 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 platform supply vessels (typically approximately 230-feet and/or with approximately 2,800 tons in dead weight cargo carrying capacity) and large, higher-horsepower anchor handling towing supply (AHTS) vessels (generally approximately 10,000 horsepower). These vessels are generally 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 platform supply vessels generally have large cargo carrying 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 that generally do not have dynamic positioning capabilities. Majority of the company’s deepwater platform supply vessels and AHTS vessels are outfitted with dynamic positioning capabilities, which allow the vessel to maintain an absolute or relative position when mooring to an offshore installation, rig or another vessel is deemed unsafe, impractical or undesirable. Many 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, subsea services and/or serve as remote accommodation facilities. These vessels are generall
(TDW:New York Consolidated)
Pan American Life Center
601 Poydras Street
New Orleans, LA 70130
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