Wood Group renews and extends Premier Oil contract

27 March 2017

Wood Group renews and extends North Sea contract with Premier Oil

Wood Group has been awarded a $50 million contract with Premier Oil, to deliver topside operations and maintenance services to the Balmoral floating production vessel (FPV) in the Central North Sea and the Solan installation, West of Shetland.

The two year contract which has three, one year extension options, retains more than 150 jobs and extends Wood Group’s support of Premier Oil in the UKCS; the company has delivered operations, maintenance and engineering services to the Balmoral FPV since 2012.

Dave Stewart, CEO of Wood Group’s Asset Life Cycle Solutions business in the eastern region said: “This contract clearly demonstrates the strong partnership we have developed with Premier Oil in the North Sea; renewing our support of the Balmoral FPV and broadening our delivery to include the Solan field, which came on stream in April 2016.

“We have consistently and successfully assured the management of safety and integrity and applied our innovation and technical expertise to maximize uptime and production, whilst also reducing field lift costs. This will be our continued focus; leveraging both our late life asset management expertise and production enhancing technical solutions as we continue to collaborate with  Premier Oil on the safe and effective delivery of this latest contract.”

Wood Group also currently supports Premier Oil in the delivery of fabric maintenance services to the Balmoral FPV in a separate contract held since 2014.

Ends

Notes to editors:
Wood Group is an international energy services company with around $5bn sales and operating in more than 40 countries. The Group designs, modifies, constructs and operates industrial facilities mainly for the oil & gas sector, right across the asset life-cycle. We enhance this with a wide range of specialist technical solutions including our world leading subsea, automation and integrity solutions. Our real differentiators are our range of services, the quality of our delivery, the passion of our people, our culture and values. We are extending the scale and scope of our core services into adjacent industries. Visit Wood Group athttp://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.

For further information contact:
Wood Group Press Office
Tel: [phone]
email:[e-mail]