ABOUT US

Timeline

45+ Years of petroleum services
1974
PICO Group Established

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.

1978
PICO Petroleum Services
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
Drilling Jars Maintenance & Leasing

PICO became the 1st Egyptian company to maintain and lease drilling jars to the Egyptian market

1985
Logging Service
Logging Service

First Egyptian company in the region to own and operate logging equipment with Gearhart technologies.

1990
PICO OIL Established
PICO OIL Established

PICO Oil was established to be the first Egyptian exploration and production company dedicated to invest in the Energy sector.

1995
PICO OIL
PICO OIL

First Egyptian company to own and operate oil and gas concession fields.

2002
PICO R&D
PICO R&D

First dedicated research and development center for the energy sector of Egypt and the region.

2006
PICO Energy
PICO Energy

First Egyptian holding company providing full-fledged petroleum services.

2007
PICO Integrated Services
PICO Integrated Services

Introduced total drilling management services/contracts for the oil and gas sector.

2008
PICO Technologies – The Group’s Technology Arm
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.

2009
PICO Mexico Established
PICO Mexico Established

PICO Mexico Servicos Petroleros was established as a services company in Mexico offering PEMEX:

  • Unique commercial model
  • Superior technologies
  • The opportunity to operate in the giant Cantrell field
PICO 4 Built in Louisiana, USA
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.

2011
PICO Marine Certification
PICO Marine Certification

Obtained International Marine Certificates:

  • ISM
  • DOC
  • SMC
PEMEX Contract
PEMEX Contract

PICO Marine Services landed PEMEX contract for Cantarell field.

2015
Supply Boat Services
Supply Boat Services

PICO Energy started up the Supply Boat Services.

AMAL C Platform Project
AMAL C Platform Project

EPC Projects: awarded a mega project; AMAL C Platform in Gulf of Suez.

2018
VENUS JackUp Refurbished
VENUS JackUp Refurbished

VENUS JackUp was fully refurbished to meet client’s requirements for developing mature fields.

Hard Banding Services Introduction
Hard Banding Services Introduction

Introduced state-of-the-art hard banding services to the Egyptian market

And the challenge continues…