Panalpina is awarded BP’s global Exploration & Production contract

Panalpina provides global freight management and industrial project services to BP Exploration & Production:

The Panalpina group will support BP Exploration & Production to design a best-in-class oil and gas logistics chain. The two companies have therefore signed a strategic agreement. Panalpina will provide its experience about oil and gas, as well as about the implementation of large infrastructure projects, within its Panprojects division.The scope of the multi-year agreement comprises transportation services for air, ocean, road and rail, industrial projects, freight management and other logistics services connected with the exploration and production of oil and gas.

“The agreement with BP is great news for Panalpina. We’ve gone through tough times in oil and gas business in the past years,” said Panalpina CEO Monika Ribar. “Today we are stronger than ever before in that area of expertise. We are best-in-class when it comes to compliance and standards for health, safety, security and environment. And more important, we have the experience, the capability and the capacity to execute and deliver for our oil and gas customers.”

The agreement unites operations and freight management services for upstream capital projects under a single contract. The upstream sector is known as the exploration and production (E&P) sector. It involves the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas to the surface.

It took nine months from the RFI (Request for Information) and tender process to the signing of the contract. “I am very proud of our organisation and our dedicated people across the globe who made this possible. The agreement is of paramount importance for Panalpina and a major milestone in reaching our goals for 2014,” said CEO Monika Ribar.

Quelle: LogEastics
Portal: www.logistik-express.com