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Marine Subsea UK Ltd.<br />

Marine Subsea formally acquired 60% of Marine Subsea UK<br />

Ltd (previously TS Marine Ltd) in August 2009. The remaining<br />

40% are held by management with an agreement that Marine<br />

Subsea will acquire these shares over a 3 year period from<br />

2012 to 2014. The Marine Subsea UK management team<br />

and organisation brings extensive commercial, technical and<br />

operational experience to the group. Their main business<br />

segments are; Subsea Installation, Subsea Well Intervention and<br />

Subsea Decommissioning sectors. The company has efficient<br />

management systems including a recognized HSEQ in place.<br />

The organisation is currently very active in the marketing and<br />

the operation of Sarah as well as continuing to provide subsea<br />

services in the North Sea by chartering third party vessels and<br />

equipment. In addition MSUK is managing the engineering and<br />

manufacturing of a subsea lubricator system to be installed on<br />

Sarah late summer 2010.<br />

Alasdair Cowie (42) Managing Director<br />

Alasdair Cowie has over 20 years<br />

international experience in the subsea<br />

sector including senior management<br />

experience for various contracting entities.<br />

Former CEO of TSMarine<br />

Merv New (45) Operations Director<br />

Merv New has over 20 years international<br />

experience in the global subsea & telecoms<br />

sector including senior projects and asset<br />

management roles with various contracting<br />

entities<br />

Keith McGregor (55)<br />

Business Development & Sales Director<br />

Keith McGregor has been involved in the subsea<br />

sector since 1977, having fulfilled senior<br />

operational, commercial, business & strategic<br />

development and general management positions<br />

with a number of privately and publicly<br />

owned, international contractors.<br />

Subsea Well Intervention<br />

Subsea Installation<br />

Subsea Decommissioning<br />

Marine Subsea Nigeria Ltd.<br />

There are numerous market alternatives within Marine Subsea’s<br />

business segments in Nigeria and Marine Subsea is therefore in<br />

the process of establishing an office in Lagos, Nigeria. The office<br />

will be headed by Benoit David, who is already on the payroll.<br />

Benoit David (37) Business Development<br />

& Sales Director<br />

International Master Business School Degree<br />

in Lyon France specialized with Asia-Africa.<br />

Four years in West Africa in Import-Export<br />

negotiations between 1993 and 1997. Over<br />

12 years in Worldwide Integrated Logistics<br />

Groups as Route Development Manager<br />

Asia-Pacific and Business Development<br />

Manager USA-Europe. Business Development<br />

and General Manager for Trico Marine<br />

Group-DeepOcean in Nigeria from 2006 to<br />

Jan 2010 to manage long term charters of<br />

12 supply vessels and light intervention-IMR<br />

Subsea projects to Major Oil companies<br />

down the West African Coast.<br />

10 Marine Subsea <strong>Annual</strong> <strong>Report</strong> 2009

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