CNOOC, ASCO Extend North Sea Relationship

OE Staff
Wednesday, February 26, 2020

The Chinese oil company CNOOC has, via its European subsidiary, extended a contract for logistics management with ASCO. 

Under the five-year extension worth over 100 million pounds, ASCO will continue supporting CNOOC Petroleum Europe Limited's North Sea assets.

The contract will see ASCO continue to 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, and this new contract will enable the provision of continuous support across the asset lifecycle," ASCO said Wednesday.

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. Support will also be provided from Aberdeen and Scrabster.

ASCO CEO Peter France said: "We are delighted to extend this long-standing partnership. Early in the negotiations, we recognized 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."

CNOOC International is the operator of the Buzzard, Golden Eagle and Scott platforms in the UK North Sea. The company is currently working to bring online the second phase of the Buzzard development.

Categories: Energy Engineering Industry News Activity Europe Production UKCS

Related Stories

EnQuest Bags Two Production Sharing Contracts off Indonesia

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Shell Predicts 60% Rise in LNG Demand by 2040 with Asia Leading the Way

SLB Names Raman CSO, CMO

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

CNOOC Starts Production at Offshore Oil Filed Equipped with CCUS Tech

China's CNOOC Aims for Record Oil and Gas Production in 2025

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Current News

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com