Rovco Forms Egyptian Alliance with Drexel Marine
Rovco has formed a partnership with Drexel Marine Petroleum Services in Egypt.
The deal should see the Bristol-based company offer its subsea services to companies in Egypt, as part of a plan to increase business in the region over the next five years.
Through the strategic alliance with Drexel Marine, Rovco aims to gain access to the local market and offer its 3D and AI technologies to oil companies and offshore contractors across Egypt, North-east Africa and the Middle East.
Brian Allen, CEO and founder of Rovco, said: “Egypt is a significant growth market for the business and a region where we see a great deal of opportunities in both shallow and deep water developments.
“This strategic partnership allows us to take bold steps towards exporting our skills, expertise and services to meet overseas demand, as we continue to look beyond the North Sea to identify regions where we can develop our service offering and build on our industry-leading standards of quality, service and reliability.”
Bassem Emam, business development director at Drexel Marine, said: “Rovco has an excellent track record for delivering challenging offshore projects across the globe. We are looking forward to working with their experienced personnel and introducing their wide range of capabilities to oil and gas companies in the region, and in turn strengthening their presence in key markets.”