The renewed agreement, worth a six-figure sum, will see Petrasco provide warehousing, yard support and freight forwarding services to equipment manufacturer and service provider Flowline Specialists at its United Arab Emirates (UAE) operation, which was established in 2015.
The two firms have been working together since 2010, and over the past three years Petrasco has offered transport, mobilisation and customs assistance to Flowline Specialists in the Middle East.
With operations in the three major energy hubs of Aberdeen, Dubai and Houston and beyond, Petrasco is well placed to advise clients on entry into challenging markets from a logistic perspective.
Kevin Buchan, managing director at Petrasco, said: “This contract highlights the full range of logistics capabilities possessed by the Petrasco team. We are delighted to have reached this agreement with Flowline Specialists and look forward to further strengthening this relationship over the coming years.
“It’s been an exciting period for the business as we prepare for the upturn amid growing confidence in the global oil and gas industry, including in the Middle East which remains a key market for us with huge potential.”
Flowline Specialists designs, engineers and manufactures a range of cable and pipe handling and deployment equipment for use in the global oil and gas and renewable energy industries.
Graeme Chalmers, group operations manager at Flowline Specialists DMCC, said: “By renewing our agreement with Petrasco Energy Logistics Middle East we continue to focus on servicing our energy industry clients to the high standards they are accustomed to receiving when dealing with Flowline Specialists.
“We have an extensive range of cable and pipe handling and deployment equipment based in the UAE at Petrasco’s secure Dubai storage facility, allowing us to efficiently service the needs of our clients in the Middle East, North Africa and Asia. The close working relationship we have established with the firm’s Middle East team enables us to quote shipping and transportation rates for clients speedily and accurately, and its extensive and long established network and supplier base is one that we can rely on. All of which has aided us in entering the Australian, Indian and Bangladeshi markets in the last 12 months.”
Petrasco established its Dubai operation in 2003 and, following continued growth, commissioned the building of an oilfield logistics hub which was completed in 2010. Today, the company employs 30 people in Dubai.
The current site is in excess of 180,000 sq. ft and offers office, warehouse, yard and Dutch barn covered storage facilities with all the required handling equipment on-site. In addition, Petrasco has an additional 100,000 sq. ft of yard storage offsite.
UK Offshore Wind Changes Seen Attracting Oil and Gas Majors
Petrofac To Divest Remaining Stake In Mexico For $276 Million
Simulator training success on Ocean GreatWhite to be rolled out across other projects
Exxon puts $15 billion of global assets up for sale