Page 13 - MRDS PR REPORT - OCTOBER 2023

MRDS Group experienced a remarkable 50 per cent growth in 2022 compared
to the previous year, and has successfully secured new contracts and
accreditation achievements, solidifying its position as a trusted service
provider in the global energy market. Additionally, investments in upstream
operations aimed at maximising production capacity and profitability in the
current high-price environment are expected to further propel the market
during the forecast period.

With a dedicated team based in Jebel Ali, MRDS Group has been actively
supporting international clients in the UK, Middle East, West Africa, Indonesia,
and Malaysia. Notably, the company recently obtained the prestigious
American Petroleum Institute (API) Q2 Accreditation, demonstrating its
commitment to delivering efficient services to stakeholders. The API Q2
specification represents the first-ever quality management system (QMS)
certification for service supply organisations in the oil and gas industry.

Under the leadership of Ian McGillivray, Managing Director, Marc Currie,
Operations Director, and Ryan Coats, Sales Director, the company’s UAE
branch has transformed from a team of UK-based engineers to a
multinational team of highly skilled engineers, and plans to hire more local
talents in order to enhance the firm’s scope of services. This strategic move
has resulted in several major contracts with international drilling contractors
and national oil companies. With the aim of becoming the leading aftermarket
service provider for drilling equipment in Abu Dhabi, MRDS has also signed a
contract with Al Yaseah, who will serve as an agent to support the company’s
growth within Abu Dhabi specifically.

Ian McGillivray expressed his optimism, stating, “The MRDS Group is well-
positioned to seize the opportunities presented by the MENA region’s oilfield
services market, which is projected to reach USD 41.73 billion in the next five
years. We believe that the ongoing development of the market offers a range
of expansion possibilities that we can capitalise on to deliver favourable
results.”

“Since opening our state-of-the-art facility in Dubai’s Jebel Ali Free Zone in
2021, MRDS Group has experienced significant growth in our customer base,

https://www.cbnme.com/news/mrds-group-on-track-for-strong-year-over-year-growth-in-2023-q4-
owing-to-menas-expanding-oilfield-services-
market/#:~:text=MRDS%20Group%2C%20a%20leading%20project%20management%2C%20inspection%
2C%20repair%2C,sector%20in%20Q4%20of%202023%20and%20into%202024.