ABL and PMS sign rig move agreement
Energy and marine consultancy ABL have signed a memorandum of understanding (MoU) with Egyptian offshore construction and services company Petroleum Marine Services (PMS) to collaborate on rig moving services and marine assurance and risk.
The MoU spells out that ABL’s local operations in Egypt, can be called upon to provide rig moving and operations technical support, as well as its wide range of marine assurance and risk services, including rig inspections, DP assurance and critical systems consulting.
“It is great to have the opportunity to cement our relationship with PMS on rig moving and assurance. We have a long track-record in supporting safe and optimised rig operations across the Middle East and North and South Africa. Our and PMS’s strong presence in Egypt means that we can provide a really strong end-to-end offering to support Egyptian rig operations.” Stephen Craig, ABL’s Global Director for Rig Operations.
This move follows December’s announcement from PMS and ABL that the two companies were introducing a unified rig moving service in the Red Sea and Gulf of Suez, with the support of EGPC.
“We are delighted to formalize the next chapter of our partnership with ABL through this MoU. Building on a foundation of success – from our initial engineering services to the implementation of unified rig-moving solutions – this MoU reinforces our shared mission to elevate operational efficiency and safety standards within Egypt’s energy sector. It also reflects PMS’s commitment to deploying world-class expertise that drives the growth, sustainability, and long-term value of Egyptian offshore operations.” Engineer Walid Hegazy, Chairman & CEO of PMS.
