Minister of Petroleum and Mineral Resources Karim Badawi said 2026 will witness the drilling of the largest number of offshore wells in recent years, underscoring the need for early preparation by Petroleum Marine Services (PMS) to maximise the benefits of these opportunities. The minister described PMS as one of the petroleum sector’s key national entities specialising in offshore construction and marine services, citing its accumulated technical expertise, advanced capabilities and highly qualified workforce. The minister further directed full compliance with occupational health, safety and environmental protection standards, given the high-risk nature of deepwater offshore operations. He emphasised that safeguarding workers and protecting the marine environment remain top priorities for the petroleum sector. He added that the company is upgrading its marine fleet with a new multi-purpose unit and constructing a specialised deepwater barge, strengthening its competitiveness in executing future offshore projects.

Source: Daily News Egypt February 23, 2026 16:23 UTC