Pico Energy

PICO Petroleum Services was established in 1978, as the first Egyptian oil services company. It had humble beginnings indeed, offering basic services to the Oil & Gas sector in Egypt. In 1986, PICO Logging Services was established as a JV with Gearhart Logging, penetrating the sophisticated Logging Market in Egypt. During the 1980‘s and 1990‘s PICO managed to make alliances with the world leaders (Weatherford, BJ, Halliburton, Baker Hughes, Eastman Christensen,...) in almost all disciplines of the upstream services, relying on a unique blend of technical superior equipment, local know-how and service personnel, making it undoubtedly the Egyptian service leader. By 2000, PICO had acquired the technical expertise and offered its clients integrated drilling and workover services, ranging from design, management, and execution of comprehensive Field development plans, onshore and offshore. In 2002, it established the first Egyptian private energy research center (R&A), becoming the most reliable source of energy related publications, management consultancy and training in Egypt. In 2004, PICO Energy was created as the holding company of all energy related investments. In 2007, PICO added a Logistics Company, focused on the oil & gas sector. In 2008, PICO Energy expanded its scope to include a design & manufacturing company for sophisticated oil field equipment in the US. In 2009, PICO expanded its scope and offered integrated turn-key drilling and work over services in Mexico.