Premier Oil picks Wood Group for Balmoral FPV

27 February 2012

Premier Oil picks Wood Group PSN as service partner for Balmoral FPV

Wood Group PSN has been awarded a major North Sea contract by Premier Oil to
deliver integrated operations and maintenance support services to the Balmoral
floating production vessel (FPV).

The contract, estimated to be worth in the order of £250 million, will see Wood
Group PSN provide managed onshore and offshore operations and maintenance
services including management of selected procurement and logistics support to
the Balmoral. The semi-submersible production vessel is situated 122 miles
North East of Aberdeen and services six fields namely, Balmoral, Stirling,
Beauly, Brenda, Nicol and Burghley. The award to Wood Group PSN is a life of
field work scope, currently estimated to run until 2020.

Effective 1st May 2012, the contract allows Wood Group PSN to secure employment
for over 70 offshore staff and create up to 15 full time onshore positions.  The
contract was awarded after a competitive tender process.

Robin Watson, UK managing director for Wood Group PSN said: "This contract is a
significant win for Wood Group PSN's UK business. We will be focusing our
energy on working in close partnership with Premier Oil to deliver safe
operations that add value to the company's North Sea business and support
future growth.

"Wood Group PSN previously worked with Premier Oil to successfully commission
and decommission the Sevan Voyageur, a Floating Production Storage and
Offloading System (FPSO) in the Shelley field, central North Sea. This new
contract award is an especially important milestone that allows us to nurture
our relationship with a key client."

Wood Group PSN will execute the work from Aberdeen with an operations team
based in Premier Oil's city offices.

Across the UK, Wood Group PSN has a workforce of almost 8,000 personnel with
approximately 3,000 onshore and 5,000 offshore workers.

ENDS -

Notes to editors:

Wood Group is an international energy services company with $5.5bn sales,
employing more than 38,000 people worldwide and operating in 50 countries. The
Group has three businesses - Engineering, Wood Group PSN and 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
25,000 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: [phone], email: [e-mail]

Kerry Sedge, PR Manager, Wood Group PSN

Tel: [phone], email: [e-mail]