The Company is pleased to announce that its subsidiary, Middle East Tubular Services Limited (METS), has successfully been awarded a contract by a new client, Dubai Petroleum, for the provision of Machining Services on a call out basis.

This contract is for a preliminary period of three years with an option for Dubai Petroleum to extend for a further two-year period under the same terms and conditions. This contract came into effect on the 1st December 2021. These services are to be carried out from the METS facilities situated in the United Arab Emirates.