Wednesday 7 January 2015

ASCO Secures Statoil Contract in Norway

ASCO has secured a new contract for the provision of supply base services in Sandnessjøen, Norway by Statoil, commencing in July 2015.

The ten-year contract, with a value of between US$22 million and US$25 million (NOK 100 - 130 million), is for supply base services in support of Statoil's drilling and operational activities in the Northern part of the Norwegian Sea from Sandnessjøen, including the Norne, Urd and Aasta Hansteen fields.

The contract scope of supply includes the provision of warehouse management, terminal handling, oil country tubular goods (OCTG) handling, as well as management of Statoil and BP's joint subsea base in Sandnessjøen. In addition, the six-year contract has two further two-year options.

Runar Hatletvedt, Managing Director for ASCO Norge said: "This is a significant win for ASCO Norge that highlights the strength of our expertise as well as our proven track record in oilfield support services in the region. We look forward to working with Statoil in Sandnessjøen."

ASCO also manages a supply base in Mtwara, Tanzania, on behalf of Statoil, BG, Petrobras and Ophir.
Read more ...

Shell pays oil spill compensation

Shell's Nigerian subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC), announced a A$100 million (STG55 million) settlement agreement with the Bodo community in respect of the two highly regrettable operational spills in 2008.

The settlement provides for an individual payment to each claimant who accepts the settlement agreement in compensation for losses arising from the spills as well as a payment for the benefit of the Bodo community generally.
Read more ...