MedservRegis plc - New Contract in Egypt

On 28 January 2021, Medserv plc announced that following an international tender by BP Exploration (Delta) Limited, Medserv Egypt has been awarded a contract to provide materials and warehouse management services for BP’s drilling and gas production projects in Egypt. It is expected that this contract will be serviced through Medserv’s internal resources. Moreover, whilst not requiring any major capital expenditure, this contract is expected to contribute towards an improved financial performance of Medserv Egypt as it represents another major step for the Group to broaden its oil and gas client portfolio whilst also further supporting Medserv’s business pipeline.