Page 23 - MRDS PR REPORT - OCTOBER 2023

10/5/23, 5:15 PM MRDS Group on track for strong year-over-year growth in 2023 Q4, owing to MENA’s expanding oilfield services market | Web Rel…
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, allowing us to support international clients across the UK, Middle East, West

Africa, and Indonesia. With a strong lineup of new agreements, the API Q2 accreditation, and our partnership with the
Energy Industries Council (EIC) as a gold sponsor, we are poised to further steer growth in the MENA region’s energy

sector,” he added.

MRDS Group has been collaborating with both international drilling contractors and national oil companies in the UAE,
demonstrating its commitment to strategic growth in the region. The group offers a comprehensive portfolio of services
for various vessels, including drilling platforms, jack-ups, turbine installation vessels, semi-submersibles, drill ships,

and land-based rigs. With a senior management team offering over 100 years of combined experience, MRDS Group
leads a competent workforce of skilled engineers and technicians specialising in mechanical, hydraulic, and electrical

work.

With field service technicians operating across the Middle East, support for special periodic surveys (SPS), equipment
recertification projects, equipment installation and commissioning, as well as troubleshooting, MRDS is recognised as

an industry leader, both regionally and internationally. With a strong emphasis on quality, innovation, and customer
focus, MRDS Group is well-positioned to take advantage of the energy potential in the region and expand its global

reach. The group’s pipeline of projects for 2023 and 2024 further promises a bright future, as it continues to exceed
clients’ expectations at every turn.

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