Maridive & Oil Service secures $17.8mln contract for oil exploration in Egypt

Image used for illustrative purposes only. Petroleum Production platform in offshore in oil industry.. Image Courtesy: Getty Images
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The project is set to begin in the third quarter (Q3) of 2024

Staff Writer, Arab Finance

August 20, 2024

PHOTO
Image used for illustrative purposes only. Petroleum Production platform in offshore in oil industry.. Image Courtesy: Getty Images

Maridive & Oil Services has secured a one-year contract valued at $17.8 million to provide support for oil exploration and production in Egypt, as per a disclosure.

The project is set to begin in the third quarter (Q3) of 2024.

Recently, Maridive Offshore Projects, a subsidiary of Maridive and Oil Service, has been awarded a 16-month contract worth $14.4 million for the installation of electrical power cables in Egypt.

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