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WOOD GROUP (JOHN) PLC - Golden North Sea win for Wood Group PSN

Thursday, January 17, 2013 2:00 AM


17 January 2013

Golden North Sea win for Wood Group PSN

Wood Group PSN (WGPSN) has secured a US$50 million contract with Nexen Petroleum UK Limited to carry out the hook-up and commissioning of the Golden Eagle Area Development (GEAD) project in the UK North Sea.

The Golden Eagle field will be developed using two platforms - a wellhead platform and a production, utility and living quarters (PUQ) platform - connected by a 70 metre bridge. The field is located about 110km northeast of Aberdeen and first production from the project is expected in late 2014.

Under this new two year agreement, WGPSN will be responsible for the provision of management, labour, materials, services and equipment to complete the hook-up and commissioning of the offshore facilities. GEAD is being executed by Nexen Petroleum UK Limited, the project operator. Other coventurers include Maersk Oil North Sea UK Ltd, Suncor Energy UK Ltd and Edinburgh Oil and Gas Ltd.

WGPSN will employ approximately 100 personnel to service the contract from its headquarters in Aberdeen, Scotland.

Dave Stewart, UK Managing Director for WGPSN said: "This is a key project for WGPSN and we are very proud to have been selected by Nexen to provide support to one of the most significant offshore developments in the UKCS. We will be deploying a high performing management team, familiar with Nexen's assets and processes, who have a track record of developing a positive project work culture that delivers results safely and on time."

WGPSN has a long history with Nexen, having previously delivered hook-up and commissioning services for the Buzzard platform enhancement project in the UK North Sea. Wood Group ODL, a wholly owned subsidiary of WGPSN, was also recently awarded a contract by Nexen to deliver documentation and training systems for the GEAD project.

In the UK, WGPSN now employs more than 8000 people working onshore and offshore. The company has UK offices in Aberdeen, Glasgow, Runcorn and Hull.

ENDS -

Notes to Editors:

Wood Group is an international energy services company with $6bn sales, employing more than 42,000 people worldwide and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and GTS providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 25,000 people in more than 35 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com

For further information contact:

Kerry Sedge, PR Manager, Wood Group PSN
Tel: +61 4 175 78000, email: kerry.sedge@woodgroup.com

Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group Tel: 01224 851099, email: carolyn.smith@woodgroup.com

(Source: PR Newswire )
(Source: Quotemedia)

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