Medserv secures two new logistics support contracts

Medserv has been awarded two full service logistics contracts, one with STX Heavy Industries of South Korea and one with EMAS-AMC Pte Ltd of Singapore.

The contracts require Medserv to utilise both their Malta Base facilities and their Libyan Branch in the supply of full logistics and hook-up support services for the installation of the Gaza Floating Storage and Offloading (FSO) vessel.

Gaza will replace the existing Sloug FSO on Mellitah Oil and Gas’ Bouri field, 120 km (74.6 mi) northwest of Tripoli. Installation and hookup is scheduled to begin Q2 2016.

Services to be provided by Medserv include servicing of supply vessels, warehousing, provision of lay down and open storage areas. Medserv will also provide trained personnel, shipping, customs and procurement services.

EMAS AMC and STX Offshore & Shipbuilding are EPIC contractors for Bouri’s new offshore facilities, which aside from Gaza include a single-point mooring system, a subsea pipeline with a tie-in to the Bouri DP4 platform and the FSO, and a power cable from DP4 to the FSO.
“We are delighted to have been entrusted with a part of this major project. The total value of the EMAS/STX contract is approximately US$ 400 million and we estimate the value to Medserv of these two contracts with STX and EMAS to be in the region of €2 to 3 million over six months.” said Neil Patterson, Chief Strategic Development Officer at Medserv.