Building a good ecosystem, key to the future prosperity of the North Sea

Growing political and social pressures regarding energy transition and security have once again propelled the North Sea into a period of significant transformation.

While these issues present many obstacles for companies operating in the region, at ASCO we see this as a unique opportunity to secure the future prosperity of the North Sea.

Founded in 1967 to meet the needs of oil exploration in the region, ASCO has developed its own operations alongside those in the North Sea.

Aware of the turbulence the oil and gas market has endured over the past 50 years, at ASCO we understand the importance of building a resilient ecosystem for the future of the North Sea.

With the current energy security crisis, strengthening the supply chain for energy operations globally has never been more urgent.

By developing a viable strategy to encourage new investments in people, systems and technology, we can create a strong business ecosystem that can support the steady transition from oil and gas to renewable energy.

Transitioning too quickly without building the appropriate infrastructure risks further aggravating the energy crisis.

By continuing to support oil and gas operations in the North Sea, we can ensure energy security for today, while generating the necessary investment in cleaner energy solutions.

Service companies, like ASCO, are key players in the energy transition.

We are actively involved in several new energy projects in the North Sea, including hydrogen, wind and CCUS.

With over 50 years of experience in offshore logistics, we provide customized project logistics models, optimize resources and support the establishment of an integrated low-carbon energy market.

Continued investment in technology and digitization will be key to building a resilient global supply chain.

This is something we have witnessed first hand when supporting our customers’ operations, using our global Integrated Logistics Management System (iLMS) and Operations Control Centers (OCC) in the UK. and in Norway.

These centralized, data-driven tools provide real-time operational visibility, saving valuable time and resources to ensure operational efficiency.

Even in challenging market conditions, we are still committed to decarbonizing our operations while continuing to deliver safety excellence, service excellence and sustainability in everything we do.

This year, for example, we successfully switched our UK heavy goods vehicles from diesel to renewable fuel based on hydrotreated vegetable oil (HVO), which will reduce our Scope 1 carbon emissions by more than 20% globally. and 46% in our UK operations.

This initiative contributes directly to the reduction of emissions produced by our Scope 3 customers. We see the positive impact of our sustainability committee, a clear plan and good governance as we move forward our decarbonization roadmap, ensuring we reach our net zero goal. greenhouse gas emissions target by 2040 at the latest.

Continuing to meet the demands of an evolving energy landscape requires not only the development of technologies and processes, but also the appropriate skills and experience. At ASCO, we are fortunate to have an extremely talented and experienced workforce with a strong skill set that is relevant to the broader energy sector.

With our experience in logistics and materials management in the oil and gas industry, we know what is needed to support the efficient development of the new energy market.

Within our organization, we have a culture based on continuous learning and development, investing in training, graduate programs and apprenticeships. We strive to continuously develop the skills of our current workforce while training and developing the future generation of workers entering the energy sector.

We believe that investing in our processes and people today creates a strong foundation for a sustainable business, enabling us to nurture and develop the skills needed to meet the challenges of tomorrow’s industry.

recommended for you

Liz Truss to make announcement on dozens of new North Sea licenses: report