ABOUT US

Timeline

45+ Years of petroleum services

Timeline

Timeline
1974
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
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.

1978

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
1985

Logging Service

Logging Service

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

1990
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
1995

PICO OIL

PICO OIL

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

2002
2002

PICO R&D

PICO R&D

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

2006
2006

PICO Energy

PICO Energy

First Egyptian holding company providing full-fledged petroleum services.

2007
2007

PICO Integrated Services

PICO Integrated Services

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

2008
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
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
2009

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
2011

PICO Marine Certification

PICO Marine Certification

Obtained International Marine Certificates:

  • ISM
  • DOC
  • SMC
2011

PEMEX Contract

PEMEX Contract

PICO Marine Services landed PEMEX contract for Cantarell field.

2015
2015

Supply Boat Services

Supply Boat Services

PICO Energy started up the Supply Boat Services.

2015

AMAL C Platform Project

AMAL C Platform Project

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

2018
2018

VENUS JackUp Refurbished

VENUS JackUp Refurbished

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

2018

Hard Banding Services Introduction

Hard Banding Services Introduction

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

And the challenge continues…