Remedial to Open Office in Far East

Remedial (Cyprus) Public Company Limited's subsidiary Remedial Offshore Limited has signed an agency agreement with Meyer & Associates in Mexico and established a regional office in the Far East as part of the company's business development initiatives and planned global expansion.

Meyer & Associates, S.A. de C.V. is an engineering and marketing company focused on upstream oil & gas exploration internationally. The company offers a variety of multi-disciplinary services ranging from bid preparation and project management to drilling, completions and reservoir engineering, as well as all aspects of operational supervision.

With over 15 years of experience working in Mexico, Meyer has successfully assisted its clients in the award of billions of dollars in contracts and then supporting the completion of each contract as required by its clients and partners. Meyer's existing clients includes Pemex Exploration and Development, BJ Services Company, Precision Drilling Corporation, Diamond Offshore, Repsol YPF, Weatherford International and Premier Drilling.

Remedial's Far East regional office in Kuala Lumpur, Malaysia, will further strengthen the company's presence in the region and facilitate business pursuits in Malaysia, Brunei, Thailand and Indonesia.

The company CEO, Rich Altman said in a comment: "We are extremely pleased to have such a respected and proven agent representing our company in Mexico; it's a testament to the value added contribution our unique vessels can offer future clients and the exciting opportunities that lie ahead for our company."

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