December 15 - BDP Project Logistics has established a new subsidiary - BDP Oil and Gas Logistics Pte Ltd.
Headquartered in Singapore, the new company will target the growing opportunities in the global oil and gas supply chain.
BDP Project Logistics and its parent company, BDP International (BDP), are already recognised as key players in the energy, chemicals and petrochemicals logistics business. The new company will extend BDP's service offerings to include mid and upstream market activities within the oil and gas supply chain, allowing BDP to offer a total service solution to oil and gas companies.
Martin Runshaug, commercial director of BDP Oil and Gas Logistics, said the vertical was formed to meet the need for a total logistics services provider that can offer total integrated logistics solutions with emphasis on quality, health, safety, environment and compliance.
"BDP Oil and Gas Logistics will service clients across the entire oil and gas value chain, explained Runshaug. "The new company combines BDP's two principal strengths: its position as a global leader in the downstream sector as well as its expertise in project logistics.
"Our ability to offer turnkey logistics solutions - from supply chain management of rig and FPSO new building and conversions through to the transportation of heavy-lift structures supported by our in-house transport engineering division and finally logistics support for offshore and onshore assets in operation - is what gives BDP Oil and Gas Logistics an edge over its competitors," he claimed.
According to Runshaug, the energy sector is set to boom in the coming decade with an increase in exploration and production to meet the demands of emerging nations such as Brazil, Russia, India and China.
"BDP Oil and Gas Logistics expects significant activity in the Middle East, the Commonwealth of Independent States, West Africa, Brazil, Vietnam, China, India, and Australasia as well as the arctic regions," said Runshaug.