Minister of Petroleum and Mineral Resources Tarek El Molla praised the results of the Petroleum Marine Services’ (PMS) work in the field of offshore petroleum construction and its significant role in implementing the goals of the ministry.

This statement came during a video conference that was held for the company’s general assembly to discuss the business results for the year 2022, the ministry of petroleum said in a statement.

El Molla urged to hasten the completion of projects that aim to accelerate production and the expansion of partnerships with petroleum entities in the local and regional market.

Amr Badawy, PMS Chairman, discussed the company’s business performance, pointing out that PMS had signed 91 contracts worth $339 million.

Badawy explained that the company was based on basic criteria in achieving its objectives, ensuring sustainability and maximizing added value, which was represented in applying the latest global technologies, adhering to international standards of quality, occupational health and safety, human development, encouraging scientific research, digital transformation, opening new markets for work, developing and raising the efficiency of assets, increasing the capabilities of the company’s marine units, and expanding in the field of business.

Additionally, Badawy indicated that PMS has been able to complete many productive national projects, on top of which is the project to develop the North Geisum field for PetroGulf Misr. This is in addition to other two projects for developing the Camus 3A field, phase 3A, and repairing the main marine gas line for the North Sinai Petroleum Company. There is also work being done on the South Fields development project, East Al-Hamad and North Amer for the General Petroleum Company (GPC), and many other initiatives.