TWO new contracts won by Asco Group are likely to be worth about £30million over five years, the Aberdeen-based global oil and gas logistics provider, said yesterday.
The deals with oil companies BP and TAQA were hailed by Asco Europe, Middle East and Africa chief executive Derek Smith as tremendous news for teams based in Aberdeen and Great Yarmouth.
Mr Smith added: “Although we are delighted with the news, we recognise that we work in an ever- challenging economic environment and that the hard work starts now.”
BP will be provided with supply-base logistic services covering transport, receipt and quayside operations under a UK-wide contract managed principally from Asco’s Aberdeen and Great Yarmouth sites.
Mark Hardie, UK logistics infrastructure manager for BP, said the new Asco deal created further opportunities to deliver mutual cost benefits through innovation and greater collaboration.
The contract with TAQA, whose North Sea operations are managed by UK arm TAQA Bratani, covers quayside support plus warehousing and logistics services.
It will be serviced from two Asco sites in Aberdeen, at Torry and Altens.
Mr Smith said: “Asco is currently supporting more oil and gas operators in more locations around the world than anyone else and we’re very proud of that.
“We’re also linking the whole logistics supply chain together, which allows our customers to focus on their core business.”
Asco employs more than 1,500 people globally at sites in the UK, Norway, America, Canada, Trinidad, the Caspian region, the Middle East and Singapore.
Welltec said yesterday it had won a contract from BP Exploration to provide well-tractor services in the UK.
The Bridge of Don well technology company’s UK general manager, Mike Affleck, said: “As a mature province, maximising recovery from existing wells is a critical objective for our clients in the UK.
“Our well-intervention technology and services can have a significant impact on production levels and we look forward to assisting BP as a result of the new contract.
“The contract is anticipated to run for five years and the value is expected to exceed £15million.”
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