MedservRegis subsidiary Medserv International Ltd has entered into a framework agreement with a leading international engineering and drilling contractor operating offshore Suriname, marking a significant step in the Group’s international expansion beyond its traditional Mediterranean footprint.
Running until December 15, 2029, the agreement was expected to generate multimillion-euro revenues over its duration, subject to individual work orders issued under the framework. The structure and length of the contract provided MedservRegis with enhanced earnings visibility and operational continuity in a market defined by large-scale, multi-year offshore developments.
The agreement underlines a strategic shift in MedservRegis’s growth trajectory, anchoring its future increasingly in high-potential offshore energy regions outside Europe. Suriname had rapidly emerged as a focal point for offshore exploration following a series of major oil discoveries in the wider Guyana-Suriname Basin, positioning the country as a key node within the Caribbean and Atlantic energy corridor.
By deepening its presence in Suriname, MedservRegis is strengthening its ability to support complex offshore drilling and development campaigns requiring integrated marine, port and logistics services. The Group’s operational model, built around scale, reliability and technical capability is aligned with the demands of long-term offshore programmes in emerging energy hubs.
According to the company, the agreement reflects its broader strategy to expand its integrated logistics and marine services offering across both established and developing offshore markets, with a particular focus on long-duration contracts that provide stability and support sustained asset utilisation.
The Suriname agreement also forms part of MedservRegis’s wider financial and operational recovery. After several years of subdued performance, the Group returned to profitability in 2023 and reinstated dividend payments in 2024, building renewed momentum across its core business segments.
Growth during this period was driven primarily by the Integrated Logistics Support Services segment, supported by increased offshore activity across multiple jurisdictions, including Libya. These projects are being advanced amid shifting geopolitical priorities aimed at reducing Europe’s reliance on Russian gas supplies.
MedservRegis’s recovery was further reinforced by a successful bond issue that raised more than €22 million, enabling the refinancing of existing debt, lowering borrowing costs and providing additional financial flexibility to support future expansion initiatives.
