Oilfield Services Company Secures North Sea Work Worth Over $69MM



Oilfield Services Company Secures North Sea Work Worth Over $69MM
Materials and equipment management specialist ASCO secures work in the North Sea worth in excess of $69.3 million (GBP 50 million).

Materials and equipment management specialist ASCO announced Thursday that it has secured work in the North Sea worth in excess of $69.3 million (GBP 50 million) since the start of the year.

The projects are said to be a mixture of contract awards and renewals for ‘key North Sea clients’, including Nexen.

One unnamed ‘major’ North Sea operator awarded ASCO a five-year extension to its current shorebase logistics, storage and waste management contract, operated out of ASCO's supply base in Peterhead.

Other awards include a two-year contract extension from Nexen, a three year contract with another operator to support a drilling project in the North Sea, and a one year contract with another operator for shorebase support.

"The decision of two of the UK's largest operators to award us their business, without tender, marks a huge achievement for ASCO. It demonstrates the value we bring to our customers and solidifies our leading position in the UK North Sea,” ASCO's global client director, Matt Thomas, said in a company statement.

Victoria Cameron, materials, inventory and logistics manager at Nexen, said its partnership with ASCO demonstrates its commitment to working collaboratively within the oil and gas industry to gain efficiencies and identify smarter ways of working.

“Nexen and ASCO have been working together for the past ten years and we will continue to collaborate to identify and implement efficiencies across our worksites. We look forward to working with ASCO over the coming years to achieve this goal,” Cameron said in a company statement.



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