Medserv Libya has signed a tripartite agreement with a leading international oil company and a leading rig operator to support activity offshore Libya.
Further agreements have also been signed with other leading international service companies, representing supply vessel support, mud-mixing operations, procurement and local representation, the company said.
While operations out of the company’s Misurata base remain difficult, assistance and support to clients still operating in Libya is being provided through the Medserv Libya out of Tripoli.
As anticipated, the second half of the year has seen a rise in activity both in Malta and Cyprus where both bases are working at high levels of capacity.
Medserv Cyprus has moved from ‘stand by’ status to fully operational as the rig, Saipem 10000, commenced drilling operations offshore Cyprus. This increased the volume of work and is contributing strongly to the group’s results for the year.
The new office block built to accommodate the various clients using the Malta facility is also fully occupied and the company is increasing office space by installing new high-quality porta-cabin offices at both the base in the Malta Freeport and the land at Ħal Far in response to clients’ demands.