International oilfield support services company ASCO, has secured a key contract worth in excess of £50 million for work in the North Sea for Marathon Oil UK, further strengthening the company’s market leading positioning in the UK.
Commencing in July 2015, the five-year contract with further extension options, will be serviced out of ASCO’s South Base in Peterhead and will include quayside services, warehouse management and the provision of marine gas oil in support of Marathon Oil’s Brae field.
Well established in the North Sea, ASCO has provided offshore supply base management services to key clients in the region for the last 48 years.
Commenting on the recent contract win, Craig Lennox, CEO Europe at ASCO, said: “ASCO has supported Marathon Oil for many years and we are delighted to secure a new long term contract with them.
“This contract demonstrates the value of ASCO’s integrated service provision within the North Sea and will allow us to build upon our existing strong relationship.”
Earlier this year ASCO announced significant contract wins with BP E&P and Statoil UK. Combined with recent wins, ASCO has secured long-term business in the North Sea worth in excess of £500 million.