ASCO secures North Sea contracts worth £30 million

Friday, Sep 11, 2009

Aberdeen headquartered oil and gas logistics specialist, ASCO, announced today that it has been awarded four contracts worth a combined value of approximately £30 million to provide logistics services to oil and gas operators, Mobil North Sea LLC, Total E&P UK Ltd, Chevron North Sea Limited, and Nippon Exploration and Production UK Ltd.

The contracts, two of which are for five years, one for three years and one for one well respectively, all with options to extend, are for:

•           the provision of a fully managed logistics service for all of ExxonMobil’s UK assets including marine, quayside and warehouse operations as well as freight forwarding services;

•           the provision of warehouse, yard and quayside logistics services for Total;

•           provision of shorebase services and related support services to Chevron  for their UK offshore activities associated with drilling, production and logistics operations;

•           provision of shorebase and marine support services in support of Nippon’s drilling operations in UKCS.

ASCO has provided logistics services for Mobil for 12 years and is serviced from ASCO’s  supply base in Peterhead while the Total relationship has lasted for seven years and will be serviced out of Aberdeen Harbour.  Chevron North Sea Limited is a new client for ASCO.  The service will primarily be provided from Mearn’s Quay in Aberdeen.

“The award of these contracts demonstrates our continued focus on providing an efficient, safe integrated logistics service that adds value to our customers’ business in the challenging arena of the North Sea.  We’re very pleased to have developed long standing relationships with ExxonMobil and Total; the renewals mean that we can further evolve our services to meet their current and future operational requirements. It is an accolade to the experience and proficiency of the ASCO team throughout the UK that we are able to welcome new clients in Chevron North Sea Limited and Nippon Oil Exploration and Production UK while operating in a difficult climate.” said Walter Robertson, ASCO’s European managing director.

ASCO employs over 1,500 personnel worldwide with 550 operating between the Peterhead and Aberdeen bases.

ASCO Group Limited’s core business is the management and operation of Oil & Gas supply bases.  With bases in the UK, Norway, Holland, Canada, Trinidad, USA and the Caspian, it operates in more Oil & Gas regions than any other specialist oil and gas logistics company.  It also provides complementary waste, marine and freight forwarding management services.

ASCO are on stand 114 (Hall 1) and 465 (Arena) at Offshore Europe.

Source: Marchant Communications