WOOD GROUP (JOHN) PLC: Wood Group GTS JV secures contract in Kazakhstan 3 April 2014 Wood Group GTS joint venture secures contract in Kazakhstan's Kashagan oil field KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTS and KazTurboRemont (KTR), has been awarded a long-term service agreement by the North Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture will support the critical rotating equipment on the Kashagan project to develop the 5,600km² Kashagan oil field. The contract includes six GE Frame 6B, two GE Frame 5D, three Siemens SGT-600 and four Rolls-Royce RB211 gas turbines plus all driven equipment, steam turbines, standby diesels and compressors, fully utilising the diverse range of experience on these engine types the joint venture is equipped to deal with. The KTR-WG team was selected based on their combined capabilities and experience developed through the provision of services to the gas turbine market. The contract is for an initial eight year term with further extension options, and covers the supply of parts, repairs, planned maintenance and supervisors in-country to manage the full scope of rotating equipment. Frank Avery, President of Power Plant Services for Wood Group GTS said: "Working with KTR we will apply our proven experience in the gas turbine market to manage the scope of work for NCPOC. By offering a localised service KTR-WG is able to provide capital parts, repair and 24/7 field service engineers. Our integrated approach to managed maintenance services will assist NCPOC in ensuring high availability of their diverse portfolio of rotating equipment." Askhat Usserov, General Director for KazTurboRemont, said: "Under the contract KTR-WG plans to set up a gas turbine component repair facility in Kazakhstan, signaling our ongoing commitment to train local supervisors." Ends - Note to Editors: Wood Group GTS is a leading independent provider of rotating equipment services and solutions for clients in the power, oil & gas and clean energy markets. Worldwide, these services include: power plant engineering, procurement and construction; facility operations & maintenance; and repair & overhaul, optimisation and upgrade of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment. www.woodgroupgts.com Wood Group is an international energy services company with around $7bn sales, employing about 46,000 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. Wood Group is one of the biggest UK headquartered groups active in Kazakhstan with about 700 people and more than $100million of revenue operating to the highest safety standards. Wood Group, through its joint venture PSN KazStroy, is providing conceptual, FEED and detailed engineering design and technical support to two major operators in Kazakhstan as well as a broad range of services to other customers. www.woodgroup.com KazTurboRemont (KTR) is a leading turbomachinery services provider in the region. It provides engineering, procurement, construction services, repair and maintenance of complex technological equipment, including various types of compressors, steam and gas turbines, pumps, generators and engines, the production of accessories, components and hardware. Company operates its own production facility in Atyrau. http://www.ktr.kz/en/ North Caspian Production Operating Company was formed in October 2008. The Republic of Kazakhstan reached an agreement with the seven companies participating in the NCSPSA to form a new joint operating company, the North Caspian Operating Company B.V. In January 2009 NCOC formally became the operator under the NCSPSA contract area including the giant Kashgan field, one of the largest petroleum developments in the world. Other assets include the Kalamkas, Aktoty and Kairan fields. Headquartered in the Republic of Kazakhstan www.ncoc.kz/en/default.aspx The Kashagan oil field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau, and is considered to be the world's largest discovery in the last 40 years. For further information contact Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group Tel: +44 (0) 1224 851099, email: firstname.lastname@example.org Bobbie Ireland, Corporate Communications - Americas, Wood Group Tel: +1 (281) 828 3505, email: email@example.com END
WOOD GROUP (JOHN) PLC: Wood Group GTS JV secures contract in Kazakhstan
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