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ASCO provides support services such as freight handling, fuel and ship management, haulage and waste disposal to oil and gas rigs in the North Sea, Gulf of Mexico, Brazil, Trinidad and Canada. Customers range from giants such as Exxon Mobil, BP and Shell to small independent producers. After a management buy-in in 1996, the company made several acquisitions, including one of its closest competitors, Wood Group Offshore. Its sales were £524m in 2002.

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Company details
ActivityOil and gas services provider
Sales £m524
Profit £m2
Year endMar 03
Principal shareholders3i (62%), Wood Group (31%) and management (7%)

If applicable:

* Supplied by company † Annualised figure **Estimated