Energy service firm Wood Group PSN (WGPSN) has won its sixth North Sea contract extension this year after signing a deal with Nexen.
Under the terms of the latest agreement, the production-facility support subsidiary of Aberdeen-based Wood Group will provide operations and maintenance services for two of the operator’s UK platforms for a further three years.
The new contract, which extends a deal struck three years ago and covers the Scott and Buzzard installations, is understood to be worth more than £60million.
WGPSN said it secured the jobs of nearly 300 onshore and offshore workers and would also include Nexen’s Golden Eagle development when it comes on stream in 2015.
It follows similar deal extensions for WGPSN in the North Sea with CNR International, Total Exploration and Production UK, Teekay, Ithaca Energy and ConocoPhillips.
Between them, those five contracts were worth a combined £430million-plus.
Dave Stewart, UK managing director of WGPSN, said: “We work collaboratively with Nexen to ensure production efficiency, equipment reliability, cost control and outstanding safety performance on both the Scott and Buzzard platforms.
“We are delighted to have secured an extension to this significant contract.
“Combined with our involvement in the hook-up and commissioning of the Golden Eagle development project, this award underlines the strength of our relationship with Nexen.”
WGPSN and its predecessor have a long history of supporting Nexen’s operations.
Aberdeen-based PSN started providing hook-up and commissioning support for the Buzzard platform enhancement project in 2008, two years before the business was acquired by Wood Group.