Aberdeen-based energy service business Wood Group said yesterday it had won a £250million North Sea contract.
Global production support division Wood Group PSN (WGPSN) will manage the operations and maintenance services on the Balmoral floating production vessel for Premier Oil.
The contract, held previously by Petrofac, will run for the life of six fields 122 miles north-east of Aberdeen and is expected to conclude in 2020.
WGPSN said 70 offshore workers would transfer from Petrofac and it would also create 15 jobs in Aberdeen.
WGPSN UK managing director Robin Watson said: “This contract is a significant win for WGPSN’s UK business. We will be focusing our energy on working in close partnership with Premier Oil to deliver safe operations that add value to the company’s North Sea business and support future growth.”
Mr Watson added that WGPSN had worked with Premier in the past to commission and decommission the floating production vessel Sevan Voyageur in the Shelley field in the central North Sea.
The Balmoral semisubmersible vessel services the Balmoral, Stirling, Beauly, Brenda, Nicol and Burghley fields.
The deal comes less than a week after WGPSN said it had agreed a £75million contract with Shell which would keep more than 350 people in work.
WGPSN signed a contract extension with the operator for engineering and construction services at the St Fergus and Mossmorran gas plants.
Nationwide, WGPSN has a workforce of almost 8,000 with about 3,000 onshore and 5,000 offshore.
Wood Group is an international energy services company employing more than 38,000 people.
Wood Group also said yesterday that two non-executive directors, John Morgan and Christopher Masters, would step down from the board at the next annual meeting in May.
Mr Morgan and Mr Masters have been on the Wood Group board for 14 and 10 years respectively.