ASCO in North sea contract extension worth more than £100 million

ABERDEEN based service company ASCO has been awarded a contract extension worth more than £100 million from CNOOC Limited.

Under the five-year extension, ASCO will continue supporting CNOOC Petroleum Europe Limited’s North sea assets with options for a further six years.

The contract will see ASCO provide a fully managed and integrated, logistics, materials management, waste, and marine gas oil supply service.

ASCO has supported CNOOC Petroleum Europe Limited’s assets since 2006.

The service will be predominantly delivered from ASCO’s Peterhead supply base, benefitting from the strategic location to cost-effectively support Central North Sea activities. In line with ASCO’s multi-port strategy and capability, support will also be provided from Aberdeen and Scrabster.

Peter France, CEO ASCO

Peter France, ASCO chief executive officer, said:  “We are delighted to extend this long-standing partnership. Early in the negotiations we recognised 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.”

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