Craig International Supplies (CIS) has secured contract renewals estimated to be worth £35 million over the next five years.

The company, which provides oilfield procurement services to the global energy industry, has secured extensions on contracts with Nexen Petroleum, Transocean, Chevron North Sea and Chevron USA.

As a result of these contracts CIS will supply regions including the North Sea, West and South Africa, the U.S., South America and Thailand.

The renewal of these contracts represents the retention of some of the organization's biggest clients and cements its position as the largest privately-owned procurement house in Europe operating in the oil and gas industry.

Dave Allan, CIS managing director said, "These contracts reflect further confidence in the CIS business. This underlines our ability to source and supply oilfield equipment from our regional hubs around the world. Our in-depth expertise means that we provide clients with a knowledgeable and cost effective service, delivering products on time and on budget. We are able to deliver real value through effective supply chain management, rapid response, an unrivalled network of suppliers, e-business capability and internationally recognized accreditations."

Tags: The Craig Group