Infinity Oilfield Services in New Joint Venture with Medserv
Infinity Oilfield Services and Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.
The InMedCo joint venture combines Infinity’s technical and engineering expertise with Medserv’s integrated logistics capability and quayside facilities in Malta and Cyprus.
The company provides inspection, repair, upgrade and refurbishment of topside and drilling equipment for platforms, FPSOs, drill rigs/ships and support vessels.
InMedCo will deliver enhanced service levels, value-adding expertise and reduced rig or vessel downtime to their extensive combined client base in the Mediterranean and North Africa region.
Andrew Mackay, co-CEO at Infinity and Director of the new joint venture InMedCo said: “We are very excited to be enhancing our existing relationship with the world-class company that is Medserv through the InMedCo joint venture. This strengthens our already great working relationship bringing two service-oriented corporate cultures together in a technically strong and experienced endeavour. InMedCo allow us to further strengthen our ability to capture the many opportunities available in the oil and gas, and energy market.’’
Karl Bartolo, CEO at Medserv Group added: “This joint venture will allow Medserv to expand its portfolio of engineering services providing value to our clients. InMedCo will provide superior, highly specialized technical services to oil and gas clients and build on the strength that both the Medserv brand and that of Infinity enjoy in the market. Medserv looks forward to leveraging this relationship and developing a new revenue stream both in Malta and across the wider Mediterranean.”