Contract Win for Wood Group in Statoil's Peregrino field

On  behalf of the Peregrino licence partners, Statoil has awarded Wood Group a  contract to provide operations and maintenance for two wellhead platforms  (Alpha and Bravo) and modification services for both units and the Peregrino Floating Production Storage and Offloading facility, in Brazil.

Under  the four year contract, Wood Group PSN will deliver offshore services and all  production processes and equipment, except drilling services. The contract introduces  a new operating model for the field; for the first time Statoil is bundling these  services into one single contract in order to boost integration and simplify  the contract management.

Pål  Eitrheim, senior vice president for development, production, international  South America and Brazil country manager, said: “We have decided to group these  contracts in line with our corporate strategy of simplification, cost optimisation  and production efficiency. We have been working closely with Wood Group in the Peregrino  field and we look forward to strengthening our partnership over the next four  years.”

Wood  Group has been operating the two wellhead platforms since 2009 and has  supported the Peregrino project throughout its development.

John  Glithero, president – Americas, Wood Group PSN: “This contract win builds on  Wood Group’s 20-year relationship with Statoil globally and demonstrates the  wide breadth of services and capabilities offered across our business.

“We  look forward to continuing our long–term relationship with Statoil in Brazil  and to delivering simple, cost-effective and efficient solutions to maximise  the productivity of the Peregrino field.”

Source: Wood Group
Date: Sep 25, 2015