Wood Group Secures $150 M, Five Year Contract Extension With Nexen in the North Sea

Wood  Group has been awarded a five year contract by Nexen, valued at $150 million.  Extending a contract in place since April 2010, Wood Group PSN (WGPSN) will  continue to deliver operations, maintenance and technical support across  Nexen’s North Sea offshore assets; the Buzzard, Scott and Golden Eagle  platforms.

More  than 190 jobs are retained under the contract, which is effective immediately  and builds on Wood Group’s 12 year relationship with Nexen in the UKCS.

James Crawford, WGPSN’s managing director in the UK and  Africa said: “Working in partnership with Nexen, we have proactively added  value, maximized productivity and enhanced efficiency and safety across these  assets. The long-term renewal of this contract demonstrates the success of our  relationship and we look forward to leveraging our expertise and strong  knowledge of the platforms, towards continued excellence in the service we  provide to this key client.”

This is the third contract extension WGPSN has secured in the UKCS this  year.  In April, the company announced a two year contract with  TAQA, extending its provision of engineering, construction and maintenance  services to five UKCS offshore assets. In February WGPSN secured an extension  to continue to support Chevron Upstream Europe across four offshore assets in  the North Sea.

Source: Wood Group
Date: Apr 21, 2016