Medserv announce award of a contract with a second Multinational for Shore Base Services in Cyprus
Medserv is pleased to announce that it has signed a second contract with a ....
OCTG inspection repair and storage - Medserv Energy
tubular services - Medserv Energy

Medserv is pleased to announce that it has signed a second contract with a multinational oil and gas corporation to provide Shore Base Logistics services for exploration activities taking place offshore Cyprus.

To provide these services, the Company will be setting up additional logistics facilities in the port of Limassol. It is expected that this contract will be serviced through the Group’s internal resources.

Medserv also supports the offshore activity of ENI in the region. The award of this contract is another major step to broaden the Group’s oil and gas client portfolio and establishes the company now in eight countries as tendering activity continues.

Further to the announcement, Edison Investment Research also issued a news flash - Medserv Winning Ways - where they refer to their previous description of the Calypso lean gas discovery offshore Cyprus which is believed to be ‘Zohr-like’; Zohr, offshore Egypt, is the largest gas field in the Mediterranean, and add that the new find should provide an extended drilling programme, offering greater visibility and improved returns from Cyprus now from multiple customers.

The full report is available here.

RELATED
ARTICLES
13 Sep 2018
Internships at Medserv this Summer
At Medserv Human Resources are key to our future success, continuous investment is key in order to be innovative and creative and ensuring t... read more>

05 Sep 2018
Medserv’s interim statement highlights improved profitability in 2018 and are on track to deliver growth in 2019
Medserv’s interim statement highlights improved profitability in 2018 and are on track to deliver growth in 2019... read more>

20 Aug 2018
Floating storage prototype concludes first testing cycle
The FLASC project, supported by Medserv plc has entered the next phase of real-sea testing in Malta.... read more>

Cyprus   /   Our Services   /   Sicily