Energy logistics player ASCO has won three contract extensions worth more than $25m in total. The Aberdeen-based group has seen long-standing clients, Centrica Energy Storage, TotalEnergies and BP renew contracts for up to three years each.
ASCO has been appointed by BP and TotalEnergies to support each operator across the North East of Scotland leveraging its service lines from quayside operations, materials management, ship agency, road transport, aviation and environmental services.
Centrica Energy Storage has also re-appointed the logistics provider for support to its onshore and offshore operations, maintenance and project activities. Under the multi-million-pound contract, ASCO will manage services from Centrica’s multiple UK facilities comprising manned and unmanned offshore platforms and also support Centrica as it looks to invest up to £2bn over the coming decade to redevelop the Rough field and make it hydrogen-ready.
“This trio of major contract extensions is a testament to the high calibre of service we have provided to these three clients. These partnerships demonstrate the value ASCO provides with our services in the UK energy sector,” said Fraser Stewart, ASCO chief commercial officer.
These most recent agreements come after news that ASCO, acquired by UK private equity firm Endless in 2023, has pledged to grow significantly over the next five years, both domestically and globally. This follows a successful year for the company, during which it added new clients, broadened its scope of services and sectoral assistance, and entered new markets.
