One of the north-east’s top businessmen will today announce a deal worth tens of millions of pounds with oil giant Shell.
Aberdeen-based Craig International Supplies – led by chairman Douglas Craig – has secured new contracts with Shell which will double the turnover of its business.
The contracts will increase the international reach and buying power of the procurement division of global energy services and shipping firm, Craig Group.
The Shell contracts are for procurement services in North America including Canada.
The new business, along with contract wins in Europe, will mean a doubling of CIS’s turnover to almost £100million in the next 12 months, the opening of a new office in Calgary and the creation of several full-time jobs.
“Securing this contract is a major milestone in the global expansion of CIS,” Mr Craig said in Houston last night.
“We are focused on further growing our international business in North America and, with Alberta producing nearly 70% of Canada’s crude oil and almost 80% of its natural gas, creating a stronghold in the area is a key part of our strategy. ”
CIS is the largest, privately-owned European procurement and trading house for the oil and gas industry.
Jill McDonald, CIS joint managing director, said: “These are very significant, high-value contracts not only for products but for procurement services, which will open the door to new opportunities for us with all the major players in Calgary.
“As a result, our turnover is projected to double – taking it to close to £100million and making us one of the biggest providers of procurement services in the region.”
CIS provides an extensive range of products and services to the global oil and gas industry in 55 countries. Its significant buying power of £8million a month allows CIS to make major savings.
CIS now employs more than 70 staff in the company’s seven strategic locations around the globe – Aberdeen, Calgary, Houston, Hamburg, Krakow, Cape Town and Ghana.
Recommended for you
