PICO Energy Services Group

A Leading Provider of Turnkey Services to the Oil and Gas Sector

Active for nearly 40 years in the Egyptian petroleum industry, PICO Energy Services Group is a leading provider of turnkey services for Egypt’s Oil and Gas sector with five distinct, independent, integrated companies. PICO Energy Group offers upstream, marine, logistics and R&A services that meet the demands of high-profile national, regional and global clients in the Middle East and the Gulf of Mexico.

Key Facts:

  • Pioneering Egyptian E&P Services Provider: Awarded the first investment Free Zone license in Egypt in 1978, PICO Energy has over 40 years experience in the Egyptian petroleum industry and is the first Egyptian Oil & Gas company to penetrate the Mexican market.
  • Turnkey Services Provider: Full Spectrum of E&P Services with five distinct, independent, integrated companies.
  • Fit-For-Purpose Solutions: That are not one-size-fits-all: Our specialist teams develop tailored solutions for the most challenging needs of mature oil fields, onshore or offshore.
  • Best-in-Class: Services and products developed either in-house or through rigorous screening and selection of products from top global brands. PICO Energy companies have been awarded a full suite of ISO and OHSAS certifications and our products and services are certified by API-licensed machine shops.
  • Proven Capabilities: Even under challenging circumstances, including the ability to operate in tough offshore weather conditions.
  • Cost-Effective: Solutions that offer the best value for money for mature oil and gas fields.
  • Operating Bases: In every major oil producing area in Egypt (Ras Shukeir, Abu Rudeis and the Western Desert) with API-licensed machine shops throughout, in addition to offices in Cairo, Katameya, and the Amreya Free Zone.
  • A Growing International Footprint: PICO Energy has refined its proven methodology in the demanding Egyptian market and is now a player in Mexico and  is eyeing opportunities in Eastern Europe.
  • Compliance: PICO Energy Group is fully compliant with all industry best practices on health, safety and environmental standards. The group lives its motto: “Safety is a team effort”.

Services Provided:

  • Upstream Services
    • Petroleum Integrated Services:
      • Integrated Drilling Services Contractor:
        • Well planning and design.
        • Drilling fluids.
        • Coiled tubing and nitrogen pumping.
        • Testing and completion services.
        • Total project management.
        • Downhole rental tools: Jars and shock subs.
        • Solid control (JV).
        • Workshops:
          • Amreya Free Zone
          • Abu Rudeis: API-licensed machine shop.
          • Ras Shukeir: Workshop and service base for the GoS.
          • Western Desert
          • Katameya
    • PICO Technologies:
      • Servicing the oil and gas sector.
      • R&D on oilfield tools.
  • Marine Services:
    • PICO 4 Lift Boat (Gulf of Mexico).
  • Logistics Services:
    • Provides complete logistical solutions for the oil and gas sector.
    • Transport, customs clearance and freight forwarding.
    • Warehousing.
    • Base logistics (crane and transport management).
  • Research & Analysis:
    • Produces reports on oil and gas sector.
    • Conducts segment and general market research.
    • Building PICO’s “knowledge library.”
    • Renewable energy.
    • Wind farms.
    • Solar heat and power.

Egypt and Mexico’s long-term fundamentals as mature markets offer opportunities both for oil and gas companies — and for the companies that serve them. Likewise, the fundamentally strong business models of PICO companies within this industry provide them with a solid base from which to expand regionally and internationally. Providing turnkey services to an array of local and global high-profile clients, PICO Energy’s operations span a number of Oil and Gas markets with a current focus on Egypt and Mexico and ongoing feasibility studies aimed at aggressively expanding into new regions in the near future.

Egyptian Market

Egypt is an energy deficit market, and a great deal of the government’s focus is on improving yields from mature fields and finding new sources of fuel. Accordingly, Egypt’s energy industry is among the most diverse in the region. Active players include public and private companies engaged in oil and gas exploration, extraction and production, wind power generation, and alternative energy research, as well as companies providing research and analysis, engineering, logistics and manufacturing to support these activities.

Mexican Market

Mexico is poised to become Latin America’s largest economy in the coming decade. Economic diversity, practical energy reforms, an effective political system, untapped strength and growth potential in its banking sector, low unemployment, strong investment in vital infrastructure, a young and growing population, and its proximity to the world’s largest consumer market are among the long list of fundamental strengths that have helped Mexico position itself as the latest “little darling” of foreign investors, as Forbes recently called it. Mexico is becoming a force to be reckoned with on the global stage.

One of the most important driving factors behind Mexico’s impressive decades-long growth story has been the country’s oil and gas industry. Mexico is the world’s seventh-largest oil producer, and Petróleos Mexicanos (PEMEX) is Mexico’s sole producer of crude oil, natural gas and refined products. As such, it is the fourth-largest crude oil producer in the world.

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