Wood wins $150m North Sea contract extension

Aberdeen-based energy services giant Wood  Group has won a five year $150 million contract extension from Nexen — extending a deal that has been in place since April 2010.

Wood Group PSN 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 UK continental shelf.

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 Wood Group PSN has secured in the UK continental shelf this year.

In April, the company announced a two year contract with  TAQA, extending its provision of engineering, construction and maintenance  services to five UK continental shelf offshore assets.

In February, PSN secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea.

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