PICO Group was founded back in 1974, initially operating in trading activities, with the aim to expand regionally with a focus on four primary sectors of Agriculture, Consumer Foods, Energy and Real Estate.
PICO Petroleum Services
PICO obtained License Number 1 in the Egypt Free Zone to be the first Egyptian free zone company to provide oil and gas services.
Drilling Jars Maintenance & Leasing
PICO became the 1st Egyptian company to maintain and lease drilling jars to the Egyptian market
First Egyptian company in the region to own and operate logging equipment with Gearhart technologies.
PICO OIL Established
PICO Oil was established to be the first Egyptian exploration and production company dedicated to invest in the Energy sector.
First Egyptian company to own and operate oil and gas concession fields.
First dedicated research and development center for the energy sector of Egypt and the region.
First Egyptian holding company providing full-fledged petroleum services.
PICO Integrated Services
Introduced total drilling management services/contracts for the oil and gas sector.
PICO Technologies – The Group’s Technology Arm
Established in Houston, Texas, USA, PICO Technologies LLC is the technology arm of the PICO Group dedicated to the design and manufacturing of sophisticated patented oil field equipment and tools.
PICO Mexico Established
PICO Mexico Servicos Petroleros was established as a services company in Mexico offering PEMEX:
Unique commercial model
The opportunity to operate in the giant Cantrell field
PICO 4 Built in Louisiana, USA
PICO VI, the world’s biggest state-of-the-art liftboat, was built in Louisiana, USA. PICO VI is self-propelled jack-up barge (lift boat) under the contract with PEMEX in Mexico.
PICO Marine Certification
Obtained International Marine Certificates:
PICO Marine Services landed PEMEX contract for Cantarell field.
Supply Boat Services
PICO Energy started up the Supply Boat Services.
AMAL C Platform Project
EPC Projects: awarded a mega project; AMAL C Platform in Gulf of Suez.
VENUS JackUp Refurbished
VENUS JackUp was fully refurbished to meet client’s requirements for developing mature fields.
Hard Banding Services Introduction
Introduced state-of-the-art hard banding services to the Egyptian market
And the challenge continues…
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