Costain wins two oil and gas sector contracts
- Business & Finance
Costain, the engineering solutions provider, continues to develop its activities in the oil & gas sector with the winning of two new contract extensions.
The Oil & Pipelines Agency (‘OPA’) has awarded Costain a one year contract extension to its three-year asset support contract for the operation and maintenance of the Government Pipeline and Storage System, announced in March 2012.
The contract extension will start in March 2015 and will see OPA and Costain continuing to deliver a joint programme of operational improvements to increase the safety compliance of the 16 fuel storage sites operated and maintained by Costain.
Costain has also been awarded an extension to its consulting contract with Premier Oil. The Group has worked with Premier Oil on a number of development projects in the North Sea during the past four years, and will continue to provide project and technical support across Premier Oil’s assets.
These include the Catcher development, for which Costain is providing development engineering and consultancy support in various technical areas including subsea infrastructure and floating production.
Alex Vaughan, Managing Director of Costain Natural Resources, said: “These successes demonstrate the strength of our consultancy and asset management expertise in this complex and highly technical sector. Our knowledge and reputation for excellence is ensuring that we are continuing to secure repeat orders from some of the largest oil and gas customers operating in the North Sea and across the UK.”