Infinity, Medserv Form Services JV
Aberdeen-based Infinity Oilfield Services and Malta-based 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, floating production, storage and offloading units (FPSO), drill rigs/ships and support vessels.
The companies say InMedCo will aim to deliver enhanced service levels, value-adding expertise and reduced rig or vessel downtime to their 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, “[The InMedCo joint venture] strengthens our already great working relationship bringing two service-oriented corporate cultures together in a technically strong and experienced endeavor. 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.”
Infinity Oilfield Services is an Aberdeen based oilfield services company providing services to the onshore and offshore oil and gas industry. Their technical teams provide specialist equipment maintenance, preservation, storage, mobilization and logistics services for offshore and topside drilling equipment.
Medserv provides integrated shore base logistics to the offshore oil and gas industry as well as supply chain management, premium threading, inspection and repair for oil country tubular goods (OCTG).