UPDATE 1-Oil services firm Miclyn plans S'pore IPO-source

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SINGAPORE, May 12 (Reuters) - Oil services firm Miclyn Express Offshore plans to list in Singapore in the second half of the year and could raise over $200 million in its initial public offering, a source said on Monday.

The Singapore-based company has mandated Macquarie Capital and JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz) as lead managers for the IPO, one person briefed on the deal told Reuters.

The company, which has a shipyard in Batam in Indonesia, provides offshore support vessels, crew and utility vessels and barges to the offshore oil and gas industry in the Middle East, Southeast Asia, India and Australia, according to its Web site.

Miclyn was not immediately available for comment.

Miclyn Express Offshore is owned by Macquarie after the firm was formed by the merger of Macquarie-owned Express Offshore Transport and Miclyn Offshore last year, the source said.

Singapore, which is home to the world's number one and number two offshore oil-rig builders, Keppel Corp (KPLM.SI: Quote, Profile, Research, Stock Buzz) and SembCorp Marine (SCMN.SI: Quote, Profile, Research, Stock Buzz), has lured a number of Asian oil services firms to list on the local bourse.

Last year, China's Yanzijiang Shipbuilding Holdings (YAZG.SI: Quote, Profile, Research, Stock Buzz) and Thailand's Mermaid Maritime (MMPC.SI: Quote, Profile, Research, Stock Buzz) listed on the Singapore Exchange.

India's Aban Offshore is also looking to list in Singapore this year, but the timing remains uncertain given volatile markets, bankers said. (Reporting by Saeed Azhar, Editing by Neil Chatterjee) (saeed.azhar@thomsonreuters.com; Reuters Messaging: saeed.azhar.reuters.com@reuters.net; +65 6403-5664))