Medserv awarded contract for logistics support to Eni North Africa - THE MALTA INDEPENDENT

Wednesday, 23 November 2016, 11:45

Medserv announced today that the company have been re-awarded a contract by Eni North Africa (EniNa) to provide logistics base and associated services for its exploration activities taking place offshore and onshore Libya. The contract duration is for a period of one year with the possibility of extending for another year. This contract comes into effect on the 1st of January 2017. These services are to be carried out at the company’s Malta base situated in the Malta Freeport.

This contract, in addition to the two-year major logistic and base support contract that came to market in 2016 for offshore Libya activity that was announced earlier this year consolidates the business pipe line for Medserv Operations and work levels for the Malta operation are expected to be high in the next three years, the company said in a statement.

Medserv results exceed targets by 38% - TIMES OF MALTA

Thursday, March 24, 2016, 00:01

Medserv has reported a profit before tax of €6 million representing an increase of 38 per cent over forecast. Reported group revenue for the year was €42.2 million.

The group said that its performance in 2015 was attributed to a number of factors, including the strong business flow conducted out of Malta in support of the ongoing operations offshore Libya, and to the performance of Medserv (Cyprus) Ltd which continues to service ENI out of the company’s shore base in Larnaca. Finally, engineering and maintenance services continued to grow in 2015.

As the global oil and gas sector continues to suffer from the effect of oversupply of oil to the market, the company has refocused and moved ahead with its investment plans to ensure it can continue to be of service to its growing list of blue chip customers in the Mediterranean and beyond.

A ‘boring’ proposition - THE TIMES OF MALTA

The yard in Sharjah can handle storage, inspection,
maintenance and repair of pipes.

Thursday, February 25, 2016, 06:01 by Vanessa Macdonald, Sharjah, UAE

You might think that – if you excuse the pun – a pipe storage facility would be boring.

In fact, it might cross your mind that it is a rather strange investment for Medserv to make. And not just any investment but a $45 million one, doubling its size overnight.

It turns out, however, to be a very smart move indeed. Middle East Tubular Services was founded in 2006 and like the entrepreneurial spirit of Medserv’s executives, its founder Paul Hayward, with Peter Howes, saw opportunity and went for it.

METS has pipe storage yards in Sharjah in the United Arab Emirates, since 2010 at Basra in Iraq and since 2012 in the Sohar Free Zone in Oman, just 4.5 kilometres from a port on the Indian Ocean, employing around 160 people overall.