Craig International bags contracts worth £50m

Craig International has secured £50 million of new contracts in the first half of 2019.

The oilfield procurement specialist has been awarded its 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 which the firm says cements Craig International’s market-leading position in the UKCS.

Under the Petrofac contract, the firm 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.”

The firm said they have invested in technology-led systems in order to grow the business which has a global network of pre-qualified suppliers and more than 70 experienced buyers in eight countries. Craig International provides services from its bases in Aberdeen, Calgary, Cape Town, Dubai, Hamburg, Doha, Dubai and Muscat.

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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