Craig International has received a five-year procurement contract worth £5m from Premier Oil.

Under the contract, Craig International will be responsible for maintenance and repair operations in the Premier Oil’s UK North Sea assets for five years.

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The company's UK team will work with its global network to oversee all aspects of the procurement process and provide the most cost-effective service possible.

Craig International claimed that its range of innovative e-commerce ideas and efficiencies has made it possible to win the tender.

Craig International joint managing director Steve McHardy said: “We’ve built a strong relationship with Premier Oil and securing this contract recognises the value outsourced procurement can bring to a project.

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“Our approach gives clients a variety of options to meet their requirements and suit their budgets.”

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Craig International is a division of Craig Group, a private-owned shipping and energy services firm.

“We’ve built a strong relationship with Premier Oil and securing this contract recognises the value outsourced procurement can bring to a project.

The company has bases in Aberdeen, Calgary, Hamburg, Houston, Cape Town, Doha and Dubai, along with its global network of pre-qualified suppliers.

Initially an oilfield supplies company, Craig International has evolved into a outsourced procurement services provider to help oil companies save time and resources.

Image: Craig International receives contract from Premier Oil. Photo: courtesy of Craig International.