Master Marine AS is a public limited liability company and was incorporated in Norway on 25 October 1997 with company registration number 879 342 732.  The company was founded by the company's CEO Per Johansson with the objective to become a major supplier of marine services within the field of transportation and installation of heavy and voluminous construction elements in the marine environment.

The Master Marine Group now include three 100% owned subsidiaries; Jacktel AS with company registration number 994 152 300, SPC206 AS (to be renamed) with company registration number 994 151 932 and Master Marine Crewing AS with company registration number 995 594 803.

Master Marine's business model is to be the preferred provider of load out, transportation, offshore installation and hook up of platform structures.

Members of Management and key personnel of Master Marine have more than 25 years of experience from complex marine operations all over the world for major oil&gas, offshore service and shipping companies. Master Marine personnel have been involved in offshore lifting and installation of large modules (up to 10,000 T), topside mating operations of deck structures up to 50,000 T (e.g. Hibernia, Gullfaks, Snorre A), heavy transport of drilling rigs and other large structures, subsea installations, as well as decommissioning.

In March 2007, the company signed a contract with Labroy Shipyard, now Drydocks World Graha, for two Service Jack units with an option for additional two units. Master Marine also signed agreements with a number of OFE vendors (cranes, main engines, thrusters and electrical/DPS). The first vessel, L205 was delivered from  Graha in June 2010 for final outfitting at Eydehavn, Norway before commencing a 3 year fixed (+2X1 year options) contract  as accommodation platform at Ekofisk for ConocoPhillips. The second vessel, L206 is under construction at Graha and on completion will commence a contract to install 88 windmills at the Shearingham Shoal field, UK sector of the North Sea, for Scira, a joint Statoil/Statkraft venture.

In May 2007, Master Marine raised NOK 600 million in a private share offering and NOK 420 million through a convertible bond. In June 2008 the company raised an additional NOK 258 million in new equity as well as a 3 year EUR 60 million secured bond loan. In October 2009, following the financial crisis that hit the World during September that year and onwards, the company successfully restructured its entire capital base and secured new equity of 130 MEUR in addition to 140 MEUR of new loans from Nordic Capital, a Jersey based private equity fund that now controls more than 80% of the company's stock. The company was subsequently delisted from OTC. In April 2010, the Company secured a 155 MEUR loan facility from an international bank syndicate replacing most of the sponsor loan from Nordic Capital who remains the company's dominant owner.

The organization currently includes a workforce of some 210 people (mixture of employees and consultants) consisting of naval architects, structural engineers, marine superintendants, project managers, marine crew and administration, who collectively ensure adequate engineering, project management capabilities and vessels operations. The company has its headquarter at Lysaker outside Oslo and manages sizeable site teams at the yards in Batam, Indonesia and Eydehavn, Norway.