Medserv plc - Contract Extension in Cyprus

On 14 July, Medserv plc announced that Eni Cyprus Ltd has extended the contract with Medserv for the provision of operational base support services in Cyprus for another two years. The contract extension includes the provision of dedicated facilities and services in the port of Limassol whilst still maintaining the base facilities in Larnaca port.

Meanwhile, Medserv has secured the areas in the Limassol port and is in the process of setting up the facility to meet the stipulated timelines for the upcoming exploratory drilling programme.

Medserv noted that during the past two years Eni has increased its exploration portfolio in the strategic area of Eastern Mediterranean Sea.