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WOOD GROUP (JOHN) PLC: Wood Group shows strength in North Sea with another win


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 UKCS."

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 rail industries.

In the UK, Wood Group now employs more than 11,000 people working onshore and offshore.

- 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 Wood 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. www.woodgroup-psn.com

For further information contact:

Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood Group. Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com

Bobbie Ireland, Corporate Communications Director - Western Hemisphere, Wood Group Tel: +1 281 828-3505, email: bobbie.ireland@woodgroup.com

END

-0- Aug/06/2013 06:00 GMT

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