Petroleum Marine Providers (PMS) generated whole revenues of $261.5 million in 2025. The revenues included $129 million from growth initiatives and $132.6 million from upkeep, inspection, drilling, and different marine providers, CEO Amr Badawy stated throughout the common meeting assembly to approve the corporate’s 2025 monetary outcomes.
Badawy defined that PMS’s technique is targeted on diversifying and increasing its actions via cable-laying and deepwater set up works, along with port dredging. The corporate can also be targeted on broadening its consumer base, rising enterprise volumes, and strengthening partnerships with current clients.
In 2025, PMS secured 44 new contracts and awards valued at $310.7 million, in comparison with $191 million within the earlier 12 months. The CEO highlighted key initiatives executed throughout the Mediterranean and the Gulf of Suez together with Section 11 of the West Delta Deep Marine (WDDM) fuel subject growth, the West Burullus offshore fuel subject growth, the North Safa and Zaafarana fields, along with the event of the United Gasoline Derivatives Firm (UGDC) berth at Damietta Port to obtain a regasification vessel.
PMS is at the moment upgrading its marine fleet with a brand new multipurpose unit and is constructing a specialised deepwater barge to boost its competitiveness in offshore initiatives.
In November, the corporate launched a unified offshore rig motion service protecting the Crimson Sea and Gulf of Suez in collaboration with the UK-based ABL Group, to cut back working prices and help manufacturing effectivity within the area.
On the worldwide entrance, PMS is increasing its presence in Saudi Arabia after finishing registration procedures with Aramco and KJO. The corporate can also be finalizing registration within the UAE, which is predicted to be accomplished inside two months.
Chairing the assembly, Karim Badawi, Minister of Petroleum and Mineral Assets, praised the corporate’s latest achievements, noting its effectivity in executing complicated offshore initiatives in line with the best technical requirements and inside set timelines.
The minister defined that the present section gives promising alternatives for the corporate, in gentle of intensifying fuel exploration actions within the Mediterranean Sea.
This 12 months will witness the drilling of the biggest variety of offshore wells, which requires early preparation from the corporate to maximise the profit from these alternatives, Badawi stated, stressing the necessity for PMS to take a position its capabilities and marine fleet in constructing partnerships with corporations working in exploration actions, making certain its readiness to take part within the growth and manufacturing phases as quickly as the continued exploration work is accomplished.
The Minister additionally emphasised strict adherence to occupational well being, security, and environmental safety requirements, given the high-risk nature of offshore operations, noting that safeguarding staff and defending the marine setting stay high priorities for the petroleum sector.
