ASCO lands five-year contract with Marathon Oil

  • Business & Finance

International oilfield support services company ASCO, has secured a contract worth in excess of £50 million ($78.7 M) for work in the North Sea for Marathon Oil UK.

Starting in July 2015, the five-year contract with further extension options, will be serviced out of ASCO’s South Base in Peterhead and will include quayside services, warehouse management and the provision of marine gas oil in support of Marathon Oil’s Brae field.

Commenting on the recent contract win, Craig Lennox, CEO Europe at ASCO, said: “ASCO has supported Marathon Oil for many years and we are delighted to secure a new long term contract with them.

“This contract demonstrates the value of ASCO’s integrated service provision within the North Sea and will allow us to build upon our existing strong relationship.”

Earlier this year ASCO announced contract wins with BP E&P and Statoil UK.

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