Medserv plc on Wednesday announced that through its subsidiary, Medserv Operations Limited, it has successfully been awarded a new contract with one of its existing major clients, "an international energy company operating offshore North Africa".
The contract is for a period of one year with an option to extend it for a further three years, the company announced via a Malta Stock Exchange announcement.
It relates to the development of offshore projects at the Bahr Essalm offshore gas fields in the central Mediterranean and includes the drilling of a significant number of offshore wells and the installation of structures.
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. Medserv plc is listed on the Malta Stock Exchange.
The company operates dedicated bases in Malta, Cyprus, Egypt, UAE, Oman and Iraq, and has a representative office in Libya.