Following on from the Q3 trading update, Medserv has announced the renewal of the second core contract from ENI for the Malta base. It has now won both contracts let in Malta for Libya operations this year. The company has thus secured its core business for the Malta base from 2017 to 2019. New opportunities in the eastern Mediterranean and resumption of drilling offshore Portugal, together with growth of METS in the Middle East, should support growth in FY17.
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ENI North Africa renewal
Following on from the Q3 trading update, Medserv has announced the renewal of the second core contract from ENI for the Malta base. It has now won both contracts let in Malta for Libya operations this year. The company has thus secured its core business for the Malta base from 2017 to 2019. New opportunities in the eastern Mediterranean and resumption of drilling offshore Portugal, together with growth of METS in the Middle East, should support growth in FY17.