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Craig International Picks up First Contract with Petrofac

Source: 9/25/2019, Location: Europe

Craig International has secured £50 million of new contracts in the first half of 2019 and is delighted to now announce our first contract with Petrofac in the UK following a competitive tender process. This latest win comes on the back of two major contracts with Spirit Energy and BP and cements Craig International’s market-leading position in the UKCS.

Under the Petrofac contract, we will provide third party procurement services and the supply of general oilfield products to support Petrofac’s offshore operations in the North Sea. The contract is for three years with an option to extend for a further two years.

Steve McHardy, joint managing director of Craig International, said: “We have a long and successful history in the UKCS and continue to increase our market share year on year.

“We are thrilled to have added Petrofac to our list of clients which now accounts for around 75% of the UKCS market. With over 20 years’ experience in the North Sea, we have a strong track-record of delivering third party procurement that is time and cost efficient and we are looking forward to showing what we can do for Petrofac.”

Craig International have invested in technology-led systems including our unique, award-winning ebuy platform - a bespoke electronic procurement service. The system is designed to meet the day-to-day requirements of the global energy industry and provides simple online procurement services including client integration maximising efficiency.

With a global network of pre-qualified suppliers, over 70 experienced buyers in eight countries, Craig International provides cost-effective and efficient third party procurement from its bases in Aberdeen, Calgary, Cape Town, Dubai, Hamburg, Doha, Dubai and Muscat.

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