Craig International Supplies (CIS) has secured a multi-million dollar contract with PTT Exploration & Production (PTTEP).
The "trading house agreement" will see CIS Inc in Houston provide procurement services to the oil company's operations across South-east Asia. This will include supplying PTTEP with American specification oilfield products for a two year period.
This is the first South-east Asian contract for global shipping and energy services firm, Craig Group. It was awarded following a competitive and hotly contested tendering process which pitched CIS Inc against multi-national supply houses.
A new country manager has been appointed at the CIS Houston office to manage the PTTEP account and other clients based in the US and internationally. Justin Pate has joined CIS Inc after five years as regional sales manager for North and South America with Technip.
Mr Pate said, "The recent contract win with PTTEP means that the CIS Inc base will now supply a wide range of U.S manufactured products to the organization's exploration and production facilities in the South-east Asian region.
"Although we had to take part in a very competitive tendering process we won the business on experience, expertise and our considerable buying power and reputation. With the ongoing development of business opportunities in the South East Asian markets we expect to continue to make crucial partnerships with oil and gas organizations in this region so that we can provide our extensive procurement services to a wider client base."
CIS Inc expects to grow the US business by 25% in the next 12 months, exploiting opportunities in Venezuela, Brazil and Mexico.
Managing director of CIS, David Allan, added, "As the energy communities in regions like South East Asia, South America, and East Africa continue to evolve we are determined to be at the forefront in the procurement of oilfield products, providing a first class service to our clients."
"Capitalizing on our international reputation and considerable buying power, backed by the financially robust Craig Group, CIS has combined our in-depth knowledge of the world-wide oil and gas industry with our expertise in procurement markets to increase our market share."
The three businesses - CIS Ltd (Aberdeen), CIS Inc (Houston) and CIS Pty (Cape Town) - have focused on identifying key market drivers across Europe, Africa and the Americas which has resulted in the unified CIS brand becoming increasingly recognizable as the leading global supply house of choice for the international oil and gas industry.
With a collective buying power approaching £3 million per month, CIS sources and supplies oilfield products and equipment to clients in the North Sea, Kazakhstan, Norway, the Middle-East, Far-East, US and West.
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