Company Updates

Peterson Awarded Contract to Provide Integrated Logistics for Chrysaor

10Peterson 2911Leading international energy logistics provider Peterson has been awarded a contract with Chrysaor to provide integrated logistics services for its operated assets in the UKCS.

Initially for one year, with potential to be extended, the scope of work with Chrysaor, a business which is focused on the development and commercialisation of dormant oil and gas discoveries and incremental reserves, includes quayside operations, transport and integrated warehouse management and will be serviced from Peterson’s facilities at Torry Marine Base, Altens Operations Base and Edzell Integrated Supply Base.

As a forward-thinking company, Chrysaor is passionate about what it does and encourages innovation across its projects and work scopes. The partnership with Peterson is a strong fit, with both companies looking to move the energy industry forward through better and more streamlined ways of working which includes embracing Peterson’s elogitics offering.

Commenting on the award, Chris Coull, Regional Director, Peterson, said: “Chrysaor’s decision to award us this new contract to support their North Sea assets reflects their confidence and assurance in our ability to deliver efficiency and generate maximum value across their logistics operations.

“We bring a strong track record and experience in previously serving these assets and initially our focus will be on delivering a seamless transition. We look forward to working closely with Chrysaor to understand their needs and bring new ways of working that drive efficiency and facilitate resource sharing, whilst ensuring a continued focus on safe execution and delivery.”

Chrysaor is a private company established in 2007 and focused on generating superior equity returns by developing and commercialising oil and gas incremental resources. The management team has a proven track record of success and seeks to acquire producing fields with associated undeveloped hydrocarbon resources. Chrysaor is now a self-sustaining full cycle E&P company, with a portfolio of assets balancing near term development with production growth, combined with significant gearing to appraisal and exploration success.

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