ASCO wins contracts worth £9 million for BP’s Skarv field

News - June 5, 2009

ASCO Norge, part of the international logistics specialist ASCO Group, has been awarded two contracts for the provision of supply base services for BP’s Skarv development in the Northern North Sea following a competitive tender process.

The awards, which have a combined value of £9 million (NKr 90 million), are the Supply Base Infrastructure Contract for a period of 15 years with two five year options and the Supply Base Operation Contract for three years with two three year options.

Base and operating support functions for the development will be located in Sandnessjøen which is currently being prepared for first activity in September this year. The first well is expected to be drilled in January 2010.

ASCO Norge will be recruiting locally for approximately 12 new positions to be based at Sandnessjøen

“This is a very important win for us and will position us in one of the most exciting and currently underdeveloped areas on the Norwegian shelf; the Norwegian Sea. We are delighted that BP has selected ASCO to undertake this long term contract in an area that has so much potential for future discoveries,” said ASCO Norge’s managing director, Runar Hatletvedt.

ASCO has operated in Norway since 1995 when BP initially out-sourced its logistics function. From supply bases in Tananger (just outside Stavanger), Kristiansund and Farsund. ASCO Norge provides a range of logistics services to customers including BP, Marathon and Talisman Energy. ASCO has been handling the storage and transport of all of the coated pipes for the BP Skarv pipeline from Sandnessjøen since January 2009.