UK firm to support oil & gas developments offshore Suriname
UK-based integrated logistics and materials management company Asco has inked a deal with Kuldipsingh Port to provide technical expertise for supply base operations, which will allow it to support Suriname’s energy industry.
The Aberdeen-headquartered Asco revealed on Friday that the agreement would enable it to support new oil and gas developments in Block 58 offshore Suriname and collaborate with local businesses to encourage regional investment and recruitment opportunities for local people.
Fraser Stewart, International MD at Asco, explains: “Our frontier model ensures that relevant compliance with international standards is met while we develop and hone new skills in the local market, enabling self-sufficiency in the long-term. The focus on capability, and not just on local jobs, ensures the economic benefits are shared across the local economy.”
Following its business model, which allows it to set up a supply base in new operating locations within a short time frame, Asco intends to ensure all work is delivered to “the highest industry standards,” whilst benefiting local businesses and communities.
“Although the model is a more recent approach, it’s founded on Asco’s legacy of success in establishing new worldwide locations over the last three decades. All our overseas operations are managed and operated by local personnel. We’re now moving ahead with our next project in Suriname and are keen to talk to other emerging energy markets that need to set up supply bases,” added Stewart.
Asco confirmed that this model was deployed in 2021 during the establishment of the Senegal Supply Base (SSB) in Dakar. The company was asked to support SSB on this project as a technical partner by providing offshore logistics technical expertise to support the development of the Sangomar field.
Deborah Benjamin, Managing Director – Trinidad and Tobago at Asco, remarked: “With the operations we have established in Senegal already transitioning to an entirely locally driven business, our operational model is proving to be effective for both Asco and the local economy. I look forward to bringing this same model to Suriname, focussing on upskilling local personnel and supporting the region to drive growth in the energy industry.”
When it comes to recent activities in the Block 58 off Suriname, it is worth noting that TotalEnergies and its partner APA Corporation recently completed a flow test at a well on this block to get more insight into the area and find well locations with additional resource potential in hopes of delivering a black oil development hub.
In regards to Asco’s activities in the UK, the company has been supporting North Sea operators for years. Back in February 2020, the firm was awarded a five-year extension to support all of CNOOC’s North Sea assets.