Opportunities for Regional Oil and Gas Operations
Fast track to TOSS Ltd
Malta is a profitable location from where to carry out regional business, primarily due to its excellent geographical location, its modern infrastructure and its status as an EU member. This is particularly true for the activities related to the Oil and Gas Industry, an area in which the island has garnered considerable experience over the years.
Malta offers numerous advantages over other countries in the region both for purposes of residency and operations. These can be categorised in three main areas:
- It provides excellent and safe residency facilities for families and expatriates working in North Africa.
- It serves as a logistics base for transhipment, supplies, storage, warehousing and other services.
- It is an ideal regional base for international companies.
- A Great and Safe Place to Live
Malta is a hospitable, English-speaking, Western country with a high standard of living. Maltese are well educated and the streets are safe. A broad range of recreational, leisure and sporting activities is available on the island and the country enjoys year round pleasant weather.
The island’s educational system is outstanding and health care facilities are impressive. Malta has a rich culture and a historical heritage that dates back 7,000 years. The cuisine is largely Mediterranean, however, a wide range of restaurants offer a varied choice of multi-ethnical menus.
Accommodation is ample and comfortable and the housing units available for sale or rent are varied and modern. Transfer of possessions, capital and income in and out of Malta is easy and simple.
A Perfect Logistics Base for Regional Operations
Malta is located at the centre of the Mediterranean, in the midst of all offshore oil and gas activity in the region. This makes for short sailing distances to the major offshore platforms in the area, and to the main ports in Algeria, Tunisia, Libya and Egypt. Malta has served as a base for the major oil operators, drilling contractors and pipe laying contractors in and offshore North Africa, particularly Libya. It has extensive berthing, key and storage facilities.
The island is one of the largest transhipment ports in the area, presently handling 1.4 million TEUs a year through the Malta Freeport. This is connected to all major ports in the Mediterranean and many other ports worldwide. The service is complemented by flights from Malta International Airport to major airports in North Africa and Europe, and an efficient passenger and cargo air service to any destination in the region, including remote unpaved airstrips.
Other Benefits Malta has to offer include:
- Longstanding experience in servicing the Oil and Gas industry.
- State-of-the-art transshipment terminal and distripark facilities within a free zone environment
- Storage and warehousing facilities, including oil terminal
- Expertise in manufacture, repair and conversion of ships and rigs.
- Excellent telecommunications facilities
- An Ideal Company Regional Base
Malta has a globally-oriented economy and as a member of the European Union, its foundations are in line with EU regulations. It offers a number of benefits for companies using the island as a regional base of operations.
The island enjoys positive deep rooted ties with its Mediterranean neighbours. Through the island’s long history as an important trading base, the Maltese have acquired the cross-cultural skills and capabilities that bridge the diverse cultures in the region. Air services from Malta provide frequent connections to mainland Europe, North Africa and the Middle East.
The island is internationally recognised as a safe and secure place to do business, with high economic, legal and political stability, low risk, and one of the lowest levels of corruption worldwide. Malta runs a tax-friendly regime and operates a reputable financial centre, possibly one of the fastest growing in the region. It boasts of a highly qualified and flexible workforce and relatively low operation costs.
The range of high quality support services available on the island include:
- IT and Communications
- Legal and Financial support
- Secretarial / Translation
- Specialised knowledge centres
- Printing and Publishing