Midwesco History

  • The Company was founded back in 1999 when the Operations started for the PDO. Midwesco was formed as a joint venture company between Crosco and local Omani sponsor namely Dr. Omar Zawawi. During this period Midwesco achieved the following operations results:
  • In period 2000 to 2003 increased number of units from 2 to 8 hoists (6 workover and 2 drilling rigs), and wire line units from 2 to 8. From 2003 to 2006 were working continuously with 7 hoist and 8 wire line units.
  • From Sept 2006 till Sept 2009 had worked an abandonment contract for PDO with 4 hoist and also were working as subcontractor with 2 wire line unit. At that moment 2 workower hoists and 2 drilling rigs were sent to Egypt. 2 workover hoists got back from Egypt by 2010 for PDO project.
  • After abandonment contract in the past the Company got current contract for Provision of Hoist Services with planned period from Sep 2009 till today and ongoing.
  • The current contract was initially started with 4 units then in 2011 extended to 5 units and in 2013 to 6 units with occasional engagement of slick line units in 2012 and 2013
  • Due to the business shrinkage in PDO the number of units reduced in 2016 and 2017 down to 3 which is the current business between MDW and PDO