Dubai Petroleum awards global logistics contract to Petrasco

A leading provider of international logistics solutions to the energy industry, Petrasco, has been awarded a key contract by Dubai Petroleum Establishment (DPE).

The multi-year agreement, worth a seven-figure sum, will see Petrasco provide global logistics support for five offshore fields, an onshore gas field, pipelines, and support services.

Work carried out in the emirate will be complemented with support from Petrasco’s other international offices in the energy hubs of Aberdeen, UK and Houston, TX. The company’s strategic partner, Middle East Tubular Services (METS), will also provide dedicated support throughout the duration of this contract.

Petrasco has operated in Dubai for almost 20 years and, following a recent restructure of its senior leadership team – which added considerable Middle Eastern experience, its management now possesses more than 90 years’ collective in-country experience.

Kevin Buchan, managing director of Petrasco, is also a member of respected international business network, GlobalScot. He commented: “We are thrilled to have secured this prestigious contract with Dubai Petroleum and look forward to developing a productive working relationship over the weeks and months ahead.

“We firmly believe that our company’s commitment to working in collaboration with our clients to provide added value and innovative solutions has been critical in our ability to attract and retain leading businesses, particularly in the buoyant and highly competitive Middle East energy market.”

Petrasco established its Dubai operation in 2003 and, following continued growth, commissioned the building of an oilfield logistics hub, which was completed in 2010.

It offers a one-stop-shop for equipment, ranging from overflow solutions to supporting companies that have downsized, backed up with specific, local knowledge of the wider Middle East region to help clients mobilise quickly and cost-effectively.

The company’s Dubai site, located in the Jebel Ali Free Zone, is in excess of 180,000 sq. ft and offers office, warehouse, yard, and Dutch barn covered storage facilities with all required handling equipment on-site. It also has an additional 100,000 sq. ft of yard storage offsite.

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