Medserv plc is pleased to announce that, following an international tender by BP Exploration (Delta) Limited, Medserv Egypt Oil & Gas Services JSC has been awarded a contract to provide materials and warehouse management services for bp’s drilling and gas production projects in Egypt.
It is expected that this contract will be serviced through Medserv’s internal resources and will not require any major capital expenditure and is expected to contribute towards an improved financial performance of Medserv Egypt Oil & Gas Services JSC.
This award is another major step to broaden Medserv’s oil and gas client portfolio within this region and together with already contracted business, further underpins the Company’s business pipeline.
Earlier this month, the Company also announced that it has been awarded a two year contract extension by ExxonMobil Exploration and Production Cyprus (Offshore) Limited to continue providing shore base management services in Cyprus. Pursuant to this extension, the Company will provide shore base services for further evaluation of Block 10 following the natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well in year 2019. These services are to be carried out at the Company’s base situated at the DP World facilities in Limassol, Cyprus.