CNOOC extends Asco’s North Sea support deal

Asco, an integrated materials and logistics management company, has been awarded a five-year extension, with options for further six years by CNOOC Petroleum Europe Limited, a subsidiary of CNOOC Limited, to support all the operator’s North Sea assets.

Source: Asco

The contract, worth in excess of 100 million pounds ($129M) will see Asco continue to provide a fully managed and integrated, logistics, materials management, waste, and Marine Gas Oil supply service, the company said on Wednesday.

Asco has supported CNOOC Petroleum Europe Limited’s assets since 2006, and this new contract will enable the provision of continuous support across the asset lifecycle.

The service will be predominantly delivered from Asco’s Peterhead supply base, benefitting from the strategic location to support Central North Sea activities. Support will also be provided from Aberdeen and Scrabster.

Asco CEO, Peter France, said: “We are delighted to extend this long-standing partnership. Early in the negotiations, we recognized the need to work collaboratively and drive a culture of innovation and efficiency to deliver a strong and sustainable contract, protecting jobs and providing opportunities for the next generation. We are looking forward to supporting CNOOC Petroleum Europe Limited for many more years and delivering on our two fundamental obsessions of safety and service excellence.”

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