Petroleum Marine Services

What Petroleum Marine Services does

Petroleum Marine Services is an Egyptian private offshore construction and marine services company founded in 2001 and headquartered in Cairo. It provides rig moving, marine assurance, subsea cable and pipeline installation, and marine warranty survey services to oil and gas operators across the Red Sea, Gulf of Suez, and Mediterranean under EPCI contracts.

Name

Petroleum Marine Services

Legal name

Petroleum Marine Services

Website

https://pmsoffshore.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Offshore Construction and Marine Services

NAICS

Support Activities for Water Transportation (4883), Other Support Activities for Water Transportation (48839)

SIC

Oil & Gas Field Services, Nec (1389), Water Transportation (4400)

akta.pro primary industry

Subsea Services & Equipment (Subsea Trees, Umbilicals, Installation, IMR) (EUALABAI)

akta.pro secondary industries

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ), Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL), Marine Service Provider Coordination (Diving, Inspection, Class/Survey Support) (TLAHAJAI)

Keywords

• Offshore construction services
• Marine warranty surveys
• Subsea cable installation
• Rig moving services
• Marine assurance services

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Offshore Construction Services: PMS generates revenue through providing offshore construction services to oil and gas operators, including subsea cable and pipeline installation, platform installation, and marine support services. Revenue is contract-based with major project awards.
2. Subcontracting Services: PMS serves as a subcontractor on large EPCI projects, such as the ENPPI-led Harmattan gas field development, providing specialized marine and construction services.
3. Project Management Consulting: PMS was selected as a project management consultant for ADNOC's $7.5 billion Lower Zakum offshore field expansion, providing technical consulting services for subsea cable and pipeline installation work.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Petroleum Marine Services provides offshore construction and marine services to oil and gas operators, including subsea cable and pipeline installation, rig moving, marine warranty surveys, marine assurance and risk services, and offshore construction support. The company operates a specialized marine fleet with deepwater vessels and delivers these capabilities as both prime contractor and subcontractor on EPCI projects for international energy companies and national oil companies operating in Egyptian waters, the Mediterranean, Red Sea, and Gulf of Suez.

Product overview

Petroleum Marine Services (PMS) is Egypt's offshore construction and services company offering an integrated suite of marine and offshore energy services. The company's portfolio centers on core operational services including rig moving services, marine assurance and risk services, subsea cable and pipeline installation, marine warranty survey services, and offshore construction capabilities. PMS operates a specialized marine fleet with deepwater vessels to support Mediterranean offshore infrastructure projects including major developments at West Delta Deep Marine and West Burullus gas fields. The company serves as both prime contractor and subcontractor on EPCI projects for major international energy companies operating in Egyptian waters.

Differentiator

Problem solved

Functional benefit

Products and services

• Rig Moving Services Specialized services for repositioning offshore drilling rigs, providing technical support, rig inspections, and critical systems consulting for oil and gas operators conducting offshore drilling activities in Egyptian waters.
• Marine Assurance and Risk Services Comprehensive marine assurance and risk management services including dynamic positioning (DP) assurance, risk assessments, and on-site attendance during transportation and installation operations for offshore energy projects.
• Subsea Cable and Pipeline Installation Subsea cable and pipeline installation services for offshore oil and gas field developments, executed under EPCI (Engineering, Procurement, Construction, and Installation) model for major oil companies and EPC contractors.
• Marine Warranty Survey Services Marine warranty survey services for offshore gas field developments, covering marine assurance, risk services, dynamic positioning trials, and on-site attendance during transportation and installation operations for national oil companies and offshore developers.
• Offshore Construction Services Comprehensive offshore construction services utilizing a specialized marine fleet including new deepwater vessels, supporting Mediterranean and Red Sea offshore infrastructure projects for oil and gas operators and EPC contractors.

Quantifiable outcome

• Revenue growth from $191 million (2024) to $261.5 million (2025), representing 37% year-over-year increase
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• ABL GroupcoreStrategic or Co-development Partner · 13 April 2026ABL, part of Oslo-listed ABL Group, signed a memorandum of understanding with Petroleum Marine Services to collaborate on rig moving services and marine assurance and risk services in Egyptian waters. The partnership enables ABL to provide technical support including rig inspections, DP assurance, and critical systems consulting on a call-off basis. This agreement builds on their earlier announcement of a unified rig moving service in the Red Sea and Gulf of Suez, with support from Egypt's national oil company.
• ENPPIcoreImplementation/ SI/ Consulting PartnerThe EPCI contract for the Harmattan gas field project was awarded to Egypt-based ENPPI, with Petroleum Marine Services and Petrojet serving as subcontractors. PMS provides specialized offshore construction and marine services as part of the ENPPI-led project execution.
• Abu Dhabi National Oil Company (ADNOC)flagshipImplementation/ SI/ Consulting PartnerADNOC selected Petroleum Marine Services among its project management consultants for a $7.5 billion Lower Zakum offshore field expansion project. The scope involves subsea cable and pipeline installation work at Belayim Field in the Gulf of Suez and Red Sea, carried out under an EPCI model for Belayim Petroleum Company (Petrobel). The contract reflects continued confidence in PMS's technical capabilities.
• Arcius EnergycoreStrategic or Co-development PartnerArcius Energy, a joint venture between BP and ADNOC's XRG, is developing the Harmattan gas field offshore Egypt with an estimated $500 million investment. PMS serves as a subcontractor on this major Mediterranean offshore development project, contributing to the increase of natural gas production to meet Egypt's domestic market needs.

Scale indicators6 records

Recent moves2 records

Expansion highlights5 records

Direct peers

• McDermott International: US-headquartered offshore EPC contractor executing subsea field developments, pipeline installations, and platform construction for IOCs and NOCs in the Middle East. Comparable as a tier-1 international competitor for the same offshore construction scopes and as a likely prime contractor counterpart when PMS operates as subcontractor.
• TechnipFMC: Global subsea and surface EPCI provider competing for the same offshore field development scopes (subsea hardware, installation, and integrated project management) that PMS delivers under the Lower Zakum and Belayim contracts. Comparable in technical capabilities, customer base (major IOCs and NOCs), and integrated EPCI delivery model.
• Saipem: Italian global offshore EPCI contractor providing subsea pipelines, platforms, and offshore field development services to IOCs and NOCs. Directly comparable in core subsea cable and pipeline installation services, and a benchmark for the kind of tier-1 international contractor PMS is increasingly competing against and partnering with on Mediterranean and Middle East projects.
• Lamprell: UAE-based offshore and onshore construction company historically focused on jackup rigs and offshore platform fabrication with growing offshore EPCI services. Directly comparable regional player targeting the same ADNOC and MENA offshore scopes, with a similar value chain position between local execution and international EPC delivery.
• ABL Group: Oslo-listed provider of marine warranty survey, dynamic positioning assurance, rig moving, and marine risk services — a strategic partner of PMS but also a direct peer in the marine assurance and warranty segment where PMS competes for similar scopes. Highly comparable in technical service offerings and customer overlap with Egyptian and regional offshore operators.
• Subsea7: UK-based global subsea contractor delivering SURF (subsea umbilicals, risers and flowlines) installation, IMR, and offshore construction services. Closely comparable in subsea cable and pipeline installation scope and the type of large-diameter reel lay and offshore vessel-based delivery PMS performs in the Mediterranean and Red Sea.
• Bourbon: French offshore marine services provider operating a large fleet of PSVs, AHTS, and crew boats serving offshore oil and gas operators globally. Directly comparable in the offshore vessel-based service segment of PMS's business, including rig moving, platform supply, and offshore field support.
• National Petroleum Construction Company (NPCC): Abu Dhabi-based offshore EPC contractor serving ADNOC and regional NOCs with subsea pipeline installation, platform construction, and marine support — directly comparable in scope, regional customer base, and EPCI delivery model to PMS. Both companies compete for ADNOC offshore work and operate fleets purpose-built for MENA offshore developments.
• Vallianz Holdings: Singapore-listed provider of offshore support vessels (AHTS, PSVs) and integrated marine services, with strong Middle East exposure including Saudi Arabia and UAE. Directly comparable in offshore marine support and rig moving services that form a core part of PMS's vessel-based offerings.
• DOF Subsea: Norwegian subsea services contractor delivering SURF installation, IMR, and marine operations worldwide. Comparable in subsea installation capabilities and offshore vessel-based delivery model, with overlapping customers in IOC/NOC offshore field developments similar to those served by PMS.

Market position

Strengths5 records

Weaknesses5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petroleum Marine Services