What Petro Marine Group does

Petro Marine Group is a privately held, integrated services provider to the oil & gas and marine industries, with its head office in Panama City and corporate offices in Ajman, UAE. The company organizes its offering around five service pillars: (1) offshore oil & gas services covering survey and positioning, subsea engineering, ROV services, offshore logistics, diving, and drilling support; (2) shipping and ship management including vessel chartering, shipping agency, flag and class formalities across multiple flag states, crew management, and ISM/ISPS/MLC compliance; (3) HSSE services and consultancy spanning HSE program development, risk management, facility audits, environmental impact assessments, OPITO-accredited training, and safety system sales including H2S mitigation; (4) international trading of general procurement items, petroleum products (bitumen, fuel oil grades, diesel, base oil, LPG), and petrochemicals (urea, PET, PVC); and (5) proprietary bitumen products marketed under the BITUMENCO brand across Penetration, Viscosity, Asphalt Cement, and Medium Curing Cutback grades.

The company operates a channel-partner go-to-market model, conducting business through a global network of associates and agents covering the Middle East, Asia, Far East, and Africa, with a stated aim of expanding into the Black Sea region. Revenue mechanics include one-time/license-style sales of bitumen (sourced via JV with private refineries and direct trading with regional producers), professional-services engagements across offshore, shipping, and HSSE, and transaction-fee-based international trading. The company represents multiple international principals (NEKTON BOT, SOE Ocean Engineering, Argus Subsea Technologies, Aquamec, Movax, YUKO). No proprietary technology platform, AI/ML capabilities, patents, certifications, or named customer logos are disclosed in source materials.

The customer base is concentrated in the oil & gas and marine/shipping verticals with vertical segmentation. With 11-50 employees and dual-jurisdiction headquarters (Panama and UAE), the operation is small relative to the breadth of services offered and appears to be structurally an agency, trading, and project-services intermediary rather than an asset-heavy operator.

Name

Petro Marine Group

Legal name

Petro Marine Group

Website

https://petromarinegroup.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Petro Marine Group is a privately held, Panama/UAE-headquartered integrated services provider to the oil & gas and marine industries, offering offshore services, ship management, HSSE consultancy, international trading, and BITUMENCO bitumen products across the Middle East, Asia, Africa, and Far East.

Ownership category

akta.pro rank

Product category

Offshore Oil & Gas Services

NAICS

Support Activities for Water Transportation (4883), Marine Cargo Handling (48832), Ship Building and Repairing (336611)

SIC

Water Transportation (4400)

akta.pro primary industry

Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)

akta.pro secondary industries

Safety, Risk & Compliance Engineering (SOLAS, Class Rules, HAZID/HAZOP, FMEA) (IMAJAGAJ), Offshore Support & Marine Logistics Vessel Operators (PSV/AHTS) (TLADABAL)

Keywords

• Offshore oil and gas services
• Ship management services
• Bitumen products trading
• Marine consultancy services
• HSSE compliance consulting

Headquarters

HQ city

Al Ajman

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Bitumen Products Sales: Sale of high-quality bitumen products including Penetration Grade, Viscosity Grade, Asphalt Cement Grade, and Medium Curing Cutback Bitumen under the BITUMENCO brand. The company has JVs with private refineries and direct trading networks with producers in the region.
2. Offshore Oil & Gas Services: Services including Survey & Positioning, Subsea Engineering & ROV Services, Offshore Logistic Support, Diving, and Drilling Support.
3. Shipping & Ship Management Services: Services including Shipping, Shipping Agencies, Flag & Class Formalities, Ship Management, and Marine Consultancy.
4. HSSE Services & Consultancy: HSE Program Development, Management & Consulting, Risk Management, Facility Audits, Regulatory Compliance, Environmental Impact Assessment, Safety Training, and Safety System Sales.
5. International Trading: Trading of General Procurement items (marine supply, ship spare parts, equipment), Petroleum Products (Bitumen, CST 180/380, Diesel Oil, Base Oil, RPO, Finished Oil, LPG), and Petrochemical Products (Urea Prilled, PET, PVC).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Petro Marine Group is an integrated service provider to the oil & gas and marine industries, supplying BITUMENCO-branded bitumen products, offshore oil and gas services (survey, subsea engineering, ROV, diving, drilling support), shipping and ship management, HSSE consultancy, and international trading of petroleum and petrochemical products. Operations are run from Panama City and Ajman, with delivery executed through an associates-and-agents network across the Middle East, Asia, Far East, and Africa.

Product overview

Petro Marine Group operates as an integrated services provider to the Oil & Gas and Marine industries with operations spanning the Middle East, Asia, Far East, and Africa. The company is organized around five core service pillars: (1) BITUMENCO brand bitumen products encompassing Penetration Grade (30-40 to 200-300), Viscosity Grade (VG-10 to VG-40), Asphalt Cement Grade (AC-2.5 to AC-40), and Medium Curing Cutback Bitumen (MC-30 to MC-3000) grades; (2) Offshore Oil & Gas Services covering survey, positioning, subsea engineering, ROV services, offshore logistics, diving, and drilling support; (3) Shipping & Ship Management including chartering, agencies, flag registration, crew management, and ISM/ISPS/MLC compliance; (4) HSSE Services & Consultancy providing HSE program development, risk management, audits, and safety system solutions; and (5) International Trading for general procurement and petroleum/petrochemical products. The company maintains head office in Panama City and corporate offices in Ajman, UAE.

Differentiator

Problem solved

Functional benefit

Brands

• BITUMENCO: High Quality Bitumen - one of the leading companies in Bitumen Industry with JV with Private Refineries, supplying different grades of High Quality Bitumen in line with national and international standards.

Products and services

• BITUMENCO Penetration Grade Bitumen High-quality penetration grade bitumen in grades 30-40 through 200-300, meeting ASTM standards (D-5, D-36, D-2170, D-92, D-113, D-2042, D-70, D-6). Targeted at road construction and asphalt applications, sourced via JV partnerships with private refineries and direct producer trading networks.
• BITUMENCO Viscosity Grade Bitumen Viscosity grade bitumen in VG-10, VG-20, VG-30, and VG-40 grades tested per ASTM D 2170 and D 5, designed for hot-climate road and infrastructure applications.
• BITUMENCO Asphalt Cement Grade Bitumen Asphalt cement grade bitumen in AC-2.5 through AC-40 grades, tested per ASTM D 2170 (viscosity at 60°C) and D 5 (penetration at 25°C), used in road construction and paving.
• BITUMENCO Medium Curing Cutback Bitumen Medium curing cutback bitumen in MC-30, MC-70, MC-250, MC-800, and MC-3000 grades used in road construction and surface treatment applications.
• Offshore Oil & Gas Services Comprehensive offshore oil and gas services including survey and positioning, subsea engineering and ROV operations, offshore logistic support, diving, and drilling support for jack-up rigs and offshore field operations. Delivered for upstream operators and offshore contractors through the company's associate network.
• Shipping & Ship Management Full-service shipping and ship management including vessel chartering, ship brokerage, tanker fixing, shipping agencies, flag and class formalities (Panama, Belize, Barbados, SVG, Liberia), crew management, ISM/ISPS/MLC compliance, and marine consultancy covering naval architecture, design, and new-build supervision.
• HSSE Services & Consultancy Health, Safety, Security, and Environment services including HSE program development and consulting, risk management, hazard and operability studies, facility/site audits, regulatory compliance audits, environmental and social impact assessments, OPITO-accredited safety and emergency response training, provision of HSE engineers and specialists, and safety system sales, installation, inspection, calibration, and repair (fire and gas detection, H2S mitigation).
• International Trading International trading of general procurement items (marine supplies, ship spare parts, radio equipment, LSA/FFA, H2S packages, PPE, bunker supply, ROV parts) and petroleum products (bitumen, CST 180, CST 380, diesel oil, base oil, RPO, finished oil, LPG), plus petrochemicals (urea prilled, PET, PVC).

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• NEKTON BOT Inc. [Turkey]coreOthersNEKTON BOT Inc. is a Turkey-based manufacturer of High Density Polyethylene (HDPE) Fast Boats including Ambulance Boat, Pilot Boat, Agency Boat, Crew Boat, Search & Rescue Boat, Coast Guard Boat, Fast Patrol Boat, Port Police Boat, and Police Boat. Petro Marine Group represents this agency.
• SOE Ocean Engineering Pte Ltd [Singapore]coreOthersSOE Ocean Engineering Pte Ltd based in Singapore specializes in Offshore Drilling Rig Engineering & Repair including Jack Up Rig Design, Engineering & Repair, Jack Up Rig Leg/Jacking System/Cantilever & Drilling Floor Skidding Systems, Electric & Hydraulic Control System, and Deck Machineries.
• Argus Subsea Technologies [Norway]coreOthersArgus Subsea Technologies based in Norway provides ROV Operation, Positioning & Survey services including Electrical ROVs, HD video, HD-SDI Camera, Handling systems, Connectors, and Automatic Profiling Buoy.
• Aquamec Ltd [Finland]minorOthersAquamec Ltd based in Finland manufactures Watermaster Dredgers - versatile, mobile, and proven equipment for maintenance and deepening of rivers, lakes, canals, channels, marine environments, removing vegetation, removal of polluted sediments, flood control, shoreline reconstruction, and construction work in water environments.
• Movax Oy Ltd [Finland]minorOthersMovax Oy Ltd based in Finland provides Piling & Drilling Accessories including Side Grip Sheet Piler, Side Grip Pile Driver, Side Grip Tube Driver, and Soil & Hard Clay Drills.
• YUKOminorOthersYUKO comprises modern automotive and industrial oils. Petro Marine Group represents YUKO products.
• Private Refineries (JV Partners)coreStrategic or Co-development PartnerJoint ventures with private refineries enable Petro Marine Group to supply high-quality bitumen products. The company enjoys vast direct trading network with different producers in the region.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Vroon: Netherlands-based shipping and offshore services group with PSV, AHTS and crew transfer operations plus ship management — overlapping with Petro Marine Group's offshore support, subsea/ROV-adjacent work, and ship management offerings.
• Lamprell: UAE-headquartered provider of offshore rig engineering, repair and marine services — directly comparable to Petro Marine Group's offshore drilling support, subsea engineering and ship management capabilities and operating from the same UAE base.
• Peterson Energy Logistics: Aberdeen-headquartered integrated offshore logistics and marine services company with strong Middle East presence — comparable to Petro Marine Group's offshore logistic support, crew management and integrated service-provider model.

Emerging players

• Vallianz Holdings: Singapore-listed offshore support vessel operator serving Middle East and Southeast Asia clients — overlapping with Petro Marine Group's offshore support, vessel chartering and ship management offerings in the same regional footprint.

Broad incumbents

• Saipem: Italy-headquartered offshore EPCI and drilling contractor serving upstream oil & gas and offshore renewables — comparable in offshore engineering, subsea and drilling support services though at vastly greater scale and capital intensity.
• Petrofac: UAE- and UK-listed integrated energy services company providing engineering, procurement, construction, operations and maintenance to offshore and onshore oil & gas operators — directly comparable to Petro Marine Group's offshore O&G services and integrated service-provider positioning, though at materially greater scale.
• MISC Berhad: Malaysia-listed integrated maritime and offshore services group operating tankers, LNG carriers and offshore support vessels — overlapping with Petro Marine Group's shipping, ship management and offshore support positioning, though at vastly greater scale.
• Subsea 7: Global subsea engineering, construction and ROV/Survey services contractor — directly overlaps Petro Marine Group's survey & positioning, subsea engineering and ROV service line, though operating at multi-billion scale.
• Gulf Marine Services: UAE-listed offshore support vessel owner-operator providing accommodation, construction and maintenance support in the Middle East — overlapping market (offshore O&G services in the Gulf) and partly overlapping service profile with Petro Marine Group.
• Topaz Energy and Marine: UAE-based offshore support vessel operator with a Middle East–concentrated fleet — directly comparable to Petro Marine Group's offshore logistic support and ship management business and operating in the same Gulf corridor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/petro-marine-group

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 Petro Marine Group