WOOD GROUP (JOHN) PLC: Wood Group shows strength in North Sea with another win
August 6, 2013
WOOD GROUP PSN SHOWS STRENGTH IN NORTH SEA WITH ANOTHER CONTRACT EXTENSION WIN
Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for
integrated support services (ISC) in the North Sea, marking more than 14 years
of continuous service as prime contractor on the Triton FPSO.
The contract is for two years with the option of a one-year extension and
estimated to be worth up to $60 USD million (£40 million GBP) per year.
WGPSN will continue to provide operations, maintenance, engineering and
construction services to Dana Petroleum. Effective immediately, the contract
will be supported by 120 people offshore and 30 onshore, in the UK from our
Aberdeen and regional Glasgow offices.
Dave Stewart, UK managing director for WGPSN said: "We have provided support to
the Triton FPSO vessel for more than 14 years and are delighted to continue
this contract with the new operator. 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."
Richard Lyon, UK operations manager for Dana Petroleum said: "Dana has a
determined growth strategy and Wood Group PSN has shown a commitment to helping
us achieve this. This contract further enhances our long-term commitment to the
This is the seventh North Sea contract extension chalked up by WGPSN in 2013
from CNR, TOTAL E&P UK, Teekey, Ithaca Energy, Nexen and ConocoPhillips. Most
recently WGPSN also announced the acquisition of Pyeroy Group Limited
("Pyeroy"), a provider of specialist coatings, access and fabric maintenance
services to the oil & gas, marine and
In the UK, Wood Group now employs more than 11,000 people working onshore and
- ENDS -
Notes to Editors:
Wood Group is an international energy services company with around $7bn
sales,employing about 43,000 people worldwide and operating in 50 countries.
The Group has three businesses - Wood Group Engineering, Wood Group PSN and
Group 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
28,000 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.
For further information contact:
Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood
Group. Tel: +44 (0) 1224 851099, email: firstname.lastname@example.org
Bobbie Ireland, Corporate Communications Director - Western Hemisphere, Wood
Group Tel: +1 281 828-3505, email: email@example.com
-0- Aug/06/2013 06:00 GMT
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