ASCO Bags BP Logistics Contract

ASCO Group has been awarded Logistics contracts with two major oil companies – BP and TAQA.

The combined estimated contract values are expected to be £30m over the next 5 years.

Chief Executive of ASCO EMEA, Derek Smith said, "This is tremendous news for the ASCO team based here in Aberdeen, and our Great Yarmouth operation in the Southern North Sea.

"Although we are delighted with the news, we recognize that we work in an ever-challenging economic environment, and that the hard work starts now, ensuring we rise to the challenge of continuously improving our service to these much-valued customers."

BP will be provided with a full service of Supply Base Logistics including transport, receipts and quayside services. The contract is UK wide and will be principally serviced from ASCO's Aberdeen and Great Yarmouth bases.

UK Logistics Infrastructure Manager for BP Mark Hardie said, "The structure of this new contract with ASCO, supports our commitment to continuous improvement and provides further opportunities to deliver mutual cost benefit through innovation and greater collaboration."

ASCO has also been awarded a major logistics contract by TAQA. The contract includes quayside support as well as warehousing and logistics services. It will be serviced from both Torry Marine Base and Altens Operations base.

Derek Smith added, "Currently ASCO is supporting more Oil and Gas operators in more locations around the world than anyone else, and we're very proud of that fact. We're also linking the whole logistics supply chain together, which allows our customers to focus on their core business."