Wood Group has landed a $400million deal with Statoil, beating incumbent partner Aker.
The contract includes maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS).
The six year deal supports Statoil’s Snorre A&B, Grane and Visund facilities.
Wood Group was one of four companies to be awarded work.
Otto Søberg, president of Wood Group Mustang Norway AS, said: “This is a breakthrough for Wood Group on the Norwegian Continental Shelf and we look forward to building on our existing relationship with Statoil. The work secured will call for a considerable build-up of the offices in Bergen and Stavanger and we will undergo a recruitment campaign to enhance our key talent and bring the best expertise to the projects.”
Statoil awarded contracts totalling $2.76billion to Aibel, Apply Sørco, Reinertsen and Wood Group Mustang Norway.
Not on the list was Aker – a company which is currently the main supplier of maintenance and modifications services for Statoil-operated fields in Norway. The work contract, which expires in summer 2016, supports about 900 of Aker’s employees.
Aker’s chief executive Luis Araujo said the look-over could result in more job losses for the firm.
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