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Two new contracts for Wood Group in the North Sea

Wood Group has recently announced, in two separate statements, the sign of two distinct contracts in the North Sea.
The first one, worth $150mln, is a five year contract extension with Nexen. Extending a contract in place since April 2010, Wood Group PSN (WGPSN) will continue to deliver operations, maintenance and technical support across Nexen’s North Sea offshore assets; the Buzzard, Scott and Golden Eagle platforms. More than 190 jobs are retained under the contract, which is effective immediately and builds on Wood Group’s 12 year relationship with Nexen in the UKCS. This is the third contract extension WGPSN has secured in the UKCS this year. In April, the company announced a two year contract with TAQA, extending its provision of engineering, construction and maintenance services to five UKCS offshore assets. In February WGPSN secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea.
The second one is made of four subsea contracts with Statoil on the Norwegian continental shelf (NCS). The latest award is a study to deliver subsea field concept engineering for the Snorre expansion project. This project will focus on cost efficient enhanced recovery from the Snorre reservoir, with tieback to the existing Snorre A tension leg platform and gas import from Gullfaks A. There are also options for front end engineering design (FEED), detailed design and fabrication on this contract award. On the Oseberg field development Wood Group Kenny has been awarded detailed design for two pipelines with corresponding spools and an umbilical, which will form part of the tieback from the future unmanned wellhead (UWP) platform to the Oseberg field centre. Wood Group Kenny also provided FEED support on the Utgard field development to support engineering on the pipeline system that will tieback the planned subsea template to the Sleipner T platform and performed lifetime extension studies to the pipeline system in the Gullfaks field.