SPECIALIST oilfield production-chemical company Champion Technologies has been awarded a contract by Maersk Oil North Sea UK to provide production chemicals.
The value of the initial three-year deal is expected to be more than £6million and there are extension options for a further four years.
Stuart Mathieson, Champion’s UK business manager, said: “Securing a new long-term contract with an operator such as Maersk Oil is an important win for Champion in the North Sea sector, underpinning our business portfolio within the UK continental shelf and confirming our reputation as a leading supplier to UK oil and gas operators.”
Champion’s corporate headquarters are in Houston, Texas, with the eastern hemisphere head office in Aberdeen.
In May, the firm said it was investing £4.5million in the Granite City.
The US group is spending the money on a technology and research and development centre at its base in Peterseat Drive, Altens.
The centre, which will replace smaller facilities at the location, is expected to open in December.
Danish shipping and oil conglomerate AP Moller-Maersk is placing shares to raise up to £1billion for investment in various sectors and to reduce debt, it said yesterday.
Chief executive Nils Andersen said the firm was eyeing options in oil, either by buying into production partnerships or buying a field.
He said other options could be new container-shipping terminals, development of existing terminals, or in shipping.
Maersk owns the world’s biggest container-shipping company Maersk Line, and its Maersk Oil unit produces oil and gas in the North Sea, Qatar, Algeria and Kazakhstan.
The group also operates a fleet of drilling rigs and supply vessels, and runs port terminals.
Last month, the group reported first-half revenue down 14% year-on-year to £13.79billion and pre-tax-profits which were 80% lower at £676million.