Record Contract Award and Update - Edison Investment Research
Edison issue Flash Note further to Company Announcement of significant Sumitomo Contract
Rig repair and maintenance - Medserv Energy
Rig repair and maintenance - Medserv Energy
Medserv
Record Contract Award and Update
21 November 2016
EDISON Investment Research
 
METS, acquired by Medserv last year, has been awarded a major supply contract by Sumitomo. The contract is significant because it represents the largest contract ever won by Medserv, underpinning METS activities with extended scope, which further justifies the purchase price. Despite challenging markets Medserv continues to successfully renew existing services contracts that underpin its core performance. Although the update in Trinidad indicates the loss of the initial tender for an onshore base for an oil major, other opportunities in the country are progressing, including a current bid awaiting adjudication. A number of incremental prospects also remain in Medserv’s other key regions of operation, notably offshore Libya, Portugal, Cyprus and Egypt.
 
RELATED
ARTICLES
17 Apr 2017
Malta Maritime Progress Meeting
The Malta Maritime Forum held its first progress meeting of the year on the 4th of April at the Maritime Museum in Birgu. ... read more>

06 Apr 2017
London analysts issue updated report on Medserv plc
London investment research company, Edison, issued an updated report today following the publication of Medserv’s results for year 2016. Edi... read more>

24 Mar 2017
Medserv Plc supporting the Alive Charity Foundation
The ALIVE Charity Foundation is the first charity foundation to raise funds for medical research in Malta. ... read more>

Cyprus   /   Our Services   /   Sicily