MedservRegis plc - Award of New Contract

On 7 April 2021, Medserv plc announced that it has been awarded a new contract with one of its existing major clients which is an international energy company operating offshore North Africa. This contract is for a period of one year with an option to extend for a further three-year period under the same terms and conditions.

The contract relates to the development of offshore projects at the Bahr Essalm offshore gas fields in the central Mediterranean. This major natural gas field project includes the drilling of significant number of offshore wells and the installation of structures. Medserv will provide fully integrated logistics shore base services from its Freeport base in Malta and is expected to manage a considerable volume of OCTG and related equipment. Additionally, a range of vessels will call at the Malta shore base for the completion of this four-year major project.