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Energy consultancy group ABL and the Egyptian company Petroleum Marine Services (PMS) have signed a memorandum of understanding (MoU) to collaborate on oil platform transport services, marine warranty, and risk management in Egypt.
Under this agreement, both companies establish a cooperation framework to support platform mobilization operations in the country, integrating technical capabilities and local expertise. ABL will provide support from its operations in Egypt, including platform inspections, dynamic positioning warranty, and consulting on critical systems.
In addition, the scope includes specialized services such as technical assessments, engineering studies, and support for towing operations.
Combined experience in oil platform transport
ABL, part of ABL Group ASA listed on the Oslo Stock Exchange, is involved on average in more than 1,300 platform transports per year. Its experience includes geotechnical studies, leg penetration assessments, and site-specific analyses for jack-up rigs.
PMS, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), has established itself as a key player in offshore oil and gas projects, with a focus on construction and marine services in the region.
This memorandum continues previous initiatives between the two companies, such as the development of a unified platform transport service in the Red Sea and the Gulf of Suez.
According to Stephen Craig, ABL’s Global Director of Rig Operations, the collaboration will make it possible to offer comprehensive solutions in the Egyptian market thanks to both companies’ established presence in the region.
Likewise, PMS CEO Walid Hegazy noted that the agreement strengthens the shared objective of improving operational efficiency and safety standards in the country’s offshore energy sector.
Source and photo: ABL