Craig International Supplies (CIS), which provides oilfield procurement services to the global energy industry, has secured extensions on contracts with Nexen Petroleum U.K. Ltd, Transocean, Chevron North Sea Ltd and Chevron USA Inc estimated to be worth over £35 million.
Craig International Supplies specializes in sourcing and supplying general and specialist oilfield equipment and services along with delivering third party procurement.
The renewal of the contracts secures CIS as the largest privately-owned procurement house in Europe operating in the oil and gas industry; supplying regions including the North Sea, West and South Africa, the U.S., South America and Thailand.
CIS is a division of Craig Group, the global shipping and energy services firm headquartered in Aberdeen with a turnover in excess of £100 million.
With a £35 million turnover, CIS provides a diverse range of products and services to the global energy industry and has a buying power approaching £3 million per month, resulting in passing significant savings to its customers, creating for itself a competitive advantage.
Dave Allan, CIS Managing Director said: “These contracts reflect further confidence in the CIS business. This underlines our ability to source and supply oilfield equipment from our regional hubs around the world.
“Our in-depth expertise means that we provide clients with a knowledgeable and cost effective service, delivering products on time and on budget. We are able to deliver real value through effective supply chain management, rapid response, an unrivalled network of suppliers, e-business capability and internationally recognized accreditations.”
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