Compass Group PLC
07 July 2003
7 July 2003
Compass Group PLC wins 10-year Schlumberger agreement
Compass Group PLC today announces that ESS, the Group's oil & gas, remote site
and defence division, has signed a 10-year agreement with oilfield services
company Schlumberger as it continues to expand its Global Preferred Supplier
Agreement client base. This contract has a potential total annual value of
around $60 million and confirms ESS's position as the market leader in support
services worldwide.
The initial contract, which has a first year value of $26 million, covers
Schlumberger's operations in the UK, Algeria, Oman, UAE, Saudi Arabia and
Pakistan. This is additional business to the work ESS already performs for
Schlumberger in Alaska, USA, Argentina, Brazil, Venezuela, UK, France, Germany,
Portugal and Indonesia.
The innovative strategic approach ESS takes in offering global solutions for
clients with operations across many countries provides excellent opportunities
to increase its leading position in the marketplace.
Peter R Harris, CEO of ESS, commented:
'We are extremely proud to announce our agreement with a company with such an
excellent worldwide reputation as Schlumberger. The agreement demonstrates ESS's
commitment in developing true business partnerships that provide win-win
benefits to all concerned.'
Ends
Enquiries:
Brunswick Tel: 020 7404 5959
Timothy Grey
Simon Sporborg
Notes to Editors
Compass Group is the world's largest foodservice company with annual foodservice
revenues in excess of £10bn. Compass Group has over 375,000 employees working in
more than 90 countries around the world providing foodservice and vending. For
more information visit www.compass-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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