ASCO signs co-operation deal for Acu 'super port'News // February 22, 2013
The ASCO Group, the international oil and gas services company, has entered a co-operation agreement with Brazilian logistics company LLX, to support the development of the Acu 'super port' north of Rio De Janeiro.
The port is estimated to be a US$2.5 billion investment and has been designed to handle 350 million tonnes a year of exports and imports, particularly oil and gas, and will rank among the three largest port complexes in the world.
ASCO has been invited to design and operate facilities at the port which will support oil and gas exploration and production – the port is located in Sao Joao da Barra, close to the area responsible for 85 per cent of Brazil’s oil and gas production.
With the port due to be operational in the first half of 2014, it is expected that ASCO will also develop other businesses within the complex directly linked to the oil and gas logistics sector.
ASCO's Chief Operating Officer Derek Smith, said: “This is a tremendously exciting opportunity for ASCO. I believe the Acu Superport will become the most important Oil and Gas enclave in Brazil over the coming years.
“This is a huge opportunity in the development of our global business and the development of the Superport in Brazil has to be one of the most exciting projects we have ever been involved with.”
Marcus Berto, LLX President, said: “This agreement will add immense value and O&G logistics experience to the infrastructure offered by LLX. As a result, this offering will greatly strengthen the Acu Superport as an excellent solution to oil and gas companies in Brazil.”
“ASCO and LLX will work together to set up a new standard of service quality that will include high standard of safety, environment protection, and operational performance,” said Eduardo Valle, ASCO Brazil's Managing Director.
It is expected the ASCO supply bases at the port will create around 1,400 new jobs when fully operational. In addition, it is expected the port could create a further 50,000 jobs for the wider economy.