Maritime Industrial Services
Maritime Industrial Services Co. Ltd. Inc.
 | |
| Company type | Public limited company |
|---|---|
| OSE: MIS | |
| Founded | 1979 |
| Headquarters | Dubai, United Arab Emirates |
Area served | Worldwide |
Key people | Mazen Shaat (CEO) Kamal Zaki ALLaithi(CFO) |
| Revenue | FY 2010 US $385.4 million [1] |
| FY 2010 US $35.7 million [2] | |
Number of employees | +4,500 |
| Website | [1] |
The MIS Group (Maritime Industrial Services), is a diversified engineering and contracting group providing a broad range of products and services to the energy sector. It is a subsidiary of Lamprell PLC.
MIS’ business scope covers EPC, Fabrication, New Build, Rig Refurb, Tech Services (Operations & Maintenance) and Safety Services.
MIS’ operational scope of work covers engineering, procurement, fabrication, construction, safety, operating and maintenance services to the oil, gas, petrochemical, energy, power generation and marine industries.
History[edit]
1979: Foundation of MIS
1985: Relocation from Dubai to Sharjah yard and start of pressure vessel manufacture
1985: Acquisition of Sunbelt Safety division
1990: EPC start up
2001: MIS Arabia joint venture
2006: First New Build contract signed
2007: MIS listing on the Oslo Børs stock exchange
2008: Acquisition of Rig Metals (onshore rig components)
2009: Delivery of the first rig in the Middle East and the launch of EPI
2010: Start-up of Production Services, the acquisition of Litwin PEL, and MOU with Kavin Engineering
2012: Acquisition by Lamprell PLC
Business Activities[edit]
MIS’ business is based around six main value streams (business activities) but since 2008 has gained 4 more as acquisitions and start-ups.[3]
Main Value Streams[edit]
- Fabrication
- EPC
- New Build
- Refurb
- Tech Services
- Sunbelt Safety
Acquisitions and Start-ups[edit]
- Rig Metals: Rig Metals LLC was acquired by MIS in 2008. It has ten years’ experience in the region providing oilfield related engineering and steel fabrication contracting services to the offshore and onshore rig industry.[4]
- EPI: was launched in 2010 and focuses on EPC and EPCM projects in markets such as Abu Dhabi, Saudi Arabia, Qatar, and Oman
- Production Services: was established in 2010. It will be focusing on the provision of oil & gas production equipment and services for both onshore and offshore developments
- Litwin PEL: was acquired by MIS in September 2010. It is an Abu Dhabi-based EPC and Engineering Services company catering to the Middle East and Africa Oil and Gas sector.[5]
Operations[edit]
The company's operations span several markets: Sharjah UAE where the company has 200,000 m2 quayside facilities in Port Khalid; Kuwait, Qatar and Saudi Arabia under the name MIS Arabia (a joint venture). MIS’ geographical footprint also covers Egypt, Kazakhstan and Iraq.
References[edit]
- ^ MIS Annual Report 2010 Archived 2011-07-06 at the Wayback Machine
- ^ MIS Annual Report 2010 Archived 2011-07-06 at the Wayback Machine
- ^ MIS Website Business Activities Overview Archived 2010-08-31 at the Wayback Machine
- ^ Rig Metals Corporate Profile
- ^ Litwin PEL News Archived 2011-07-06 at the Wayback Machine