ROVCO Expands into Egypt with New Partner
Rovco has expanded its international reach after forming a local partnership with Drexel Marine Petroleum Services in Egypt.
The deal will see the Bristol-headquartered firm offer its range of advanced subsea services to companies in Egypt, as part of a plan to increase business in the region over the next five years.
Through the strategic alliance with Drexel Marine, Rovco will gain access to the local market and offer its innovative 3D and AI technologies to oil companies and offshore contractors across Egypt, North-east Africa and the Middle East.
Brian Allen, CEO and founder of Rovco, said: “Egypt is a significant growth market for the business and a region where we see a great deal of opportunities in both shallow and deep water developments.
“This strategic partnership allows us to take bold steps towards exporting our skills, expertise and services to meet overseas demand, as we continue to look beyond the North Sea to identify regions where we can develop our service offering and build on our industry-leading standards of quality, service and reliability.
“Drexel Marine is an organization with a very strong reputation for client focused delivery and we believe that partnering with them will help accelerate our growth ambitions and further expand our geographical reach.”
Drexel was established in 1976, a privately owned company, specializing in representation and project management services. The company will support Rovco in obtaining national oil company approvals to help grow its presence overseas and win further work across the region.
Bassem Emam, Business Development Director at Drexel Marine, said: “Rovco has an excellent track record for delivering challenging offshore projects across the globe. We are looking forward to working with their experienced personnel and introducing their wide range of capabilities to oil and gas companies in the region, and in turn strengthening their presence in key markets.”
Formed in 2016, Rovco is pushing the boundaries to change the way underwater surveys are performed. Investing in the development of real-time AI and 3D systems for autonomous subsea robotics, the company has the resources and expertise to deliver challenging projects across the globe. By effectively using technology which can be deployed from smaller ROV platforms and vessels, Rovco provides a far more flexible, efficient and cost effective service compared with existing survey methods.
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