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• BP and Panalpina will join hands to design a best-in-class oil and gas freight forwarding supply chain. The two companies have signed a strategic services master agreement that will tap into Panalpina’s vast Oil and Gas and Panprojects experience.

• The scope of the multi-year agreement comprises transportation services for air, ocean, road and rail, industrial projects, freight management and other logistics services connected with the exploration and production of oil and gas.

• The agreement unites Operations and Freight Management Services for upstream capital projects under a single contract. The upstream sector is known as the exploration and production (E&P) sector. It involves the searching for potential underground or underwater oil and gas fields, drilling of exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas to the surface.

• “The industrial projects division of the Panalpina Group, Panprojects, will mostly handle upstream business under this agreement. Some 300 specialists around the world provide integrated logistics turnkey project forwarding and management services on a global scale.

• “Our services are especially suited for companies like BP,” said Christopher Kent, Global Head of Panprojects. “BP will benefit from our industry-specific expertise that we have gained from the completion of numerous large and small projects in all industry segments worldwide over the past two decades.”

• It took one and a half years from the first talks through the RFI (Request for Information) and tender process to the signing of the contract. “I am very proud of our organization and our dedicated people across the globe that made this possible. The agreement is of paramount importance for Panalpina and a major milestone in reaching our goals for 2014,” said Panalpina CEO Monika Ribar.

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