Maridive, an Egyptian public company specializing in navigational and oil services, has disclosed to the Egyptian Stock Exchange that it has awarded a three-year oil exploration contract worth 29.72 million euros to its subsidiary, Mez Oil and Gas Services.
The contract is for the benefit of Mellitah Oil and Gas Company and will support exploration and petroleum production activities at the Bouri Field and the Sea of Salam in Libya.
Mez Oil and Gas Services, which is being established in Libya, is 49% owned by Maridive. The implementation of the contract is scheduled to begin in the first quarter of this year, as per the statement.
Established in March 1978, Maridive has been listed on the Egyptian Stock Exchange since April 1992. The company operates in the transportation sector, focusing on ports and maritime services.
Economy
