Photo: Sea Triumph; Source: Peterson

Peterson and Pan Marine team up in Egyptian market

  • Business & Finance

Egypt-based Pan Marine and energy logistics provider Peterson have joined forces in the Egyptian market and their first contract was for the provision of supply base management in Abu Qir to end client Dana Gas.

Sea Triumph; Source: Peterson

Peterson said that the service included logistics management for all supply base work at Abu Qir Port and the provision of the Sea Triumph PSV.

The company added that the supply base management contract would be for one well plus options.

Kevin Wilson of Dana Gas Egypt said: “Dana Gas Egypt selected the Pan Marine/Peterson Team to resource and operate its Abu Qir shore base facilities in support of the deepwater Merak-1 exploration well in El Arish […].”

Dana Gas started drilling the Merak-1 well in the North El Arish concession, in the Eastern Mediterranean Basin, offshore Egypt in late May 2019, using the Tungsten Explorer drillship.

Wilson added: “To date, following two months of full operations, Dana Gas is delighted that no accidents, incidents or environmental events have occurred and there have been zero operational delays due to the shore base logistics service.”

It is worth noting that this contract with Dana Gas marked Peterson’s first move into the Egyptian market.

Peterson’s Nicolai Portelli added: “This is the first project Peterson and Pan Marine have collaborated for, and thus it has been a milestone that both companies have been working towards for the past couple of years.

“This brings reassurance to the energy industry in Egypt which will have the opportunity to avail itself of the expertise, technology, and business models that Peterson brings with it, while also knowing that through Pan Marine there is a significant amount of local knowledge that will ensure the optimum solutions are delivered.”

Marwan El Shazly of Pan Marine stated: “[…] we believe that integrating the supply base management with offshore support vessels will be the future in supporting upcoming offshore projects.”

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