Neptune taps ASCO for support on UK projects

  • Business & Finance

Global logistics and materials management provider, ASCO, has secured a five-year contract with independent oil and gas company Neptune Energy.

Aberdeen Quayside; Source: ASCO

The contract, which will fully kick-off in October this year will see ASCO assume responsibility for all Neptune’s shorebase, logistics, marine and materials management services for the North Sea, ASCO said in a statement on Tuesday.

ASCO’s expertise will be utilized across all the operator’s current and future assets and projects in the UK.

ASCO’s Aberdeen General Manager, Jamie Marr, said: “The nature of the market in the North Sea is changing with new, exciting and innovative players investing in the basin. Neptune is on a growth trajectory in the UK and elsewhere, and we are excited to be supporting them on this journey.

“In the preparation for the commencement of the contract we are already building a strong relationship with the Neptune team and are eager to see this develop further in the years to come.”

Neptune’s UK Managing Director, Pete Jones, said: “We take a collaborative approach with all our partners and service providers. We look forward to a successful and mutually beneficial working relationship with ASCO which will support the continued growth of our UK business.”

In the UK, Neptune has interests in 24 production licenses and four exploration licenses in the UK. Neptune operates the Cygnus gas field, the UK’s largest single producing field, which supplies the equivalent of 1.5 million homes. The Seagull oil and gas development project is scheduled to come on stream in 2022. Two fields, Juliet and Minke, are currently being decommissioned.

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