MedservRegis plc has announced the award of a multi-million-dollar marine logistics base contract in Suriname, a country in South America.

The four-year contract was secured through an international tendering process, with the company’s project management team cited as a key differentiator. The client, a leading multinational oilfield services and engineering contractor, recently won an Engineering, Procurement, Construction, and Installation (EPCI) offshore project, with the bulk of the scope of work expected to begin in mid-2026.

The agreement is expected to strengthen MedservRegis’ position in the Latin American region without the need for major new capital expenditure, as it will be delivered using existing internal resources.

“This award represents a significant milestone in MedservRegis’ growth, providing a strategic foothold to expand operations in the region,” the company said in its announcement. It added that the deal underscores the importance of diversification in the energy sector, which remains highly sensitive to global political and market developments.

MedservRegis provides shore base logistics and engineering services to the offshore oil and gas industry as well as supply chain management for Oil Country Tubular Goods (OCTG) in the onshore sector. The group also services clients in the mining industry, underscoring its integrated logistics capabilities.

A turnaround year

The news follows a strong financial performance in the first half of 2025, during which MedservRegis reported that it would exceed its pre-tax profit forecast of €4.7 million for the year. This comes after a prolonged period of financial challenges, marked by sustained losses, the impact of the COVID-19 pandemic on global energy markets, and a merger that reshaped the company’s structure.

In June 2025, the group announced the approval of a final gross dividend of €1.5 million (€0.014758 per share), payable by the end of that month. Combined with the €1 million dividend distributed in February 2024 in respect of FY2024, the total gross dividend amounted to €0.024597 per share.

This marked only the second dividend since 2015, when the company last distributed a record €2 million payout. Dividend payments had been suspended for nearly a decade while the company navigated industry headwinds and restructured operations.