Page 9 - MRDS PR REPORT - OCTOBER 2023

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