PMS Raises Assets by $3 MM in 2019

PMS Raises Assets by $3 MM in 2019

Petroleum Marine Service (PMS) raised its assets and units by about $3 million in 2019, according to a statement.

Ashraf Emam, Chairman and Managing Director of PMS, said that in 2019 the company had maintenance works done for platforms, pipelines, drilling and production services valued at $86 million.

PMS has also acquired two mobile winches, two electric generators, and a diving air compressor station. This not only raises the company’s efficiency, but it also increases its technical capabilities.

Additionally, Emam shared the company’s major projects which include the development of phase 3 of Zohr field by installing a 30-inch-long marine pipeline with a length of 17.5 kilometers (km); the development of the Southwest Baltim field, and the Western Desert Operating Petroleum Company’s (WEPCO) shipping system.

Furthermore, the company has managed to install two pipelines with 12 and 18 inches respectively for the Gulf of Suez Petroleum Company (GUPCO); and installing a 12 inches marine pipeline in Ras Badran for Suez Oil Company (SUCO). PMS also worked on the maintenance of Rashid Petroleum’s (Rashpetco) deepwater fields.

This was announced during the general assembly meeting of the company, headed by the Minister of Petroleum and Mineral Resources, Tarek El Molla, where he stressed on the importance of marine petroleum activities and the need for new marine units.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password