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ASCO awarded North Sea contracts worth £50million

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Oilfield Technology,

ASCO, the global specialist in materials and equipment management, has announced a positive start to the year by securing work worth in excess of £50 million.

The projects are a mixture of contract awards and renewals for key North Sea clients, including Nexen.

One major North Sea operator has awarded ASCO a five-year extension to its current shorebase logistics, storage and waste management contract, operated out of ASCO's supply base in Peterhead.

In addition, ASCO has secured a two-year contract extension from another key Peterhead client, Nexen. The contract, for shorebase, storage and waste services, will see ASCO and Nexen work collaboratively on a range of initiatives to support Nexen's drive to maintain market leading, low production costs.

The development also sees ASCO welcome three new operator clients to Peterhead. One operator granted a three-year contract to support its drilling project in the North Sea and another operator has awarded ASCO a one-year contract for shorebase support.

In addition, a major North Sea operator has engaged ASCO to provide supply base support for a plug and abandonment project until mid-2018.

Victoria Cameron, materials, inventory and logistics manager at Nexen, said: "Our partnership with ASCO demonstrates our commitment to working collaboratively within the oil and gas industry to gain efficiencies and identify smarter ways of working.

“Nexen and ASCO have been working together for the past ten years and we will continue to collaborate to identify and implement efficiencies across our worksites. We look forward to working with ASCO over the coming years to achieve this goal."

ASCO's global client director, Matt Thomas, added: “Nexen's decision to extend its contract with us is testament to the strong, collaborative working relationships we have with our clients.

"The decision of two of the UK's largest operators to award us their business, without tender, marks a huge achievement for ASCO. It demonstrates the value we bring to our customers and solidifies our leading position in the UK North Sea.

“We are also delighted to be working with two of the industry's new and exciting players, companies which will play an important role in sustaining the life of the North Sea. Furthermore, it is a pleasure to be able to work with an established player in the UK for the first time.

“While Peterhead is clearly an important strategic location for ASCO, we are equally committed to strengthening our capabilities in Aberdeen. Our continued investment in infrastructure, systems and process efficiency have uniquely positioned us as the only solution provider with the capability to provide a fully integrated service offering in both Aberdeen and Peterhead.”

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Upstream news Offshore news North Sea oil news