Wood Group said yesterday it had agreed another North Sea deal, worth up to £120million.
The Aberdeen energy service giant said its production-facility support business, Wood Group PSN, had signed a contract extension with Dana Petroleum to take its work with the operator in the UK beyond 16 years.
WGPSN said the agreement, for an initial two years with an option to extend for a further 12 months, was for integrated support services on Dana’s Triton floating production vessel.
The deal is the firm’s seventh North Sea agreement this year, having already won work with Ithaca Energy, Nexen, CNR International, Teekay, Total and ConocoPhillips. Between them, those six contracts were worth nearly £500million combined. The latest contract will be supported by 120 people offshore and 30 in WGPSN’s Aberdeen and Glasgow offices, and is worth up to £40million a year.
UK managing director Dave Stewart said: “Dana Petroleum is a dynamic new operator and securing this piece of work positions us well to support Dana Petroleum as it continues to grow its business in the UK.”
Earlier this month, WGPSN helped Dana to replace all nine 150-tonne mooring chains on Triton to keep her in safe operation until 2020 and beyond. The vessel produces oil and gas from the Bittern, Guillemot West and North West, Clapham, Pict and Saxon fields 120 miles east of Aberdeen, and extracted her 200millionth barrel from the North Sea last month.
Dana UK operations manager Richard Lyon said Wood Group had been key to helping the operator achieve its growth strategy, adding: “This contract further enhances our long-term commitment to the UK continental shelf.”
A busy year for WGPSN has also included the multimillion-pound takeover of Pyeroy, the company which painted the Forth Bridge.
Wood Group now employs more than 11,000 people onshore and offshore in the UK, with a further 32,000 employees worldwide. The business has an annual turnover of £4.6billion.
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