Medserv announced on Tuesday that it has been awarded a two-year contract extension to continue providing share base management services in Cyprus.
The publicly listed company posted a statement to the Malta Stock Exchange saying that ExxonMobil Exploration and Production Cyprus (Offshore) Limited has awarded it the extension, which will see Medserv provide shore base services for further evaluation of Block 10.
Block 10 refers to the site of the discovery of natural gas deposits at the Glaucus-1 well off the coast of Cyprus in the Eastern Mediterraean in 2019.
These services are to be carried out at the Company’s base situated at the DP World facilities in Limassol, Cyprus.
Founded in 1974 and with head offices in Malta, Medserv has become a trusted partner and provider of integrated oilfield support and services to IOCs and NOCs operating in and around the Mediterranean.
The company operates dedicated bases in Malta, Cyprus, Egypt, UAE, Oman and Iraq, and has a representative office in Libya.