How did the low oil prices impact business for your company in 2015?
Low oil prices have impacted the business in the region in 2015, with major maintenance projects and contracts being postponed. MEGARME also had a slow year operationally in 2015. However, due to our strategic roadmap, diversified services and regional presence, we experienced an operationally busy season in the last two quarters of 2015.
What major contracts have you won in the past?
MEGARME won the Total ABK contract for Conventional and Specialised Inspection Services. We also won and successfully executed piping and instrumentation works for Flare Tip at NSP and SSP, Upper Zakum, in Abu Dhabi.
How do you expect business to be in 2016?
At MEGARME, we expect to deliver our best year so far in terms of performance in 2016. We have won various contracts in the first and second quarters and have promising projects in the pipeline as well.
What factors distinguish your company from its competitors in the region?
Our operational strength and commitment to safety. At present, no other company in the industry offers similar services, drawing on the experience of the past 22 years. In addition, employing in excess of 500 full-time employees makes MEGARME one of the largest access, inspection, repair and maintenance services providers in the region. All MEGARME personnel are based within the GCC operations. This provides the much-needed operational flexibility to complete critical projects and turn them around according to clients’ expectations.
What is your opinion of the standard of EPC projects in the region’s oil and gas industry?
EPC projects in the region are still driven largely by conventional methods of execution. Innovative access solutions and multi-skilled personnel for execution will support a faster turnaround on projects, and deliver huge cost savings due to the time saved. Utilising multi-skilled technicians will also assist with ‘place on board’ challenges.
