Aberdeen-based consulting and engineering giant John Wood Group said it has secured a three-year contract extension to provide operations, maintenance, modifications and support services (OMMS) on Equinor’s assets at the Mariner field, located on the UK Continental Shelf (UKCS).

Wood has a longstanding collaboration with Equinor, supporting global projects, including long-term contracts in Norway and Brazil as well as Equinor’s renewable energy business in the UK.

“With this extended contract, Wood will continue to support the delivery of Equinor strategic objectives through projects, upgrades and maintenance on the Mariner A platform and Mariner B floating storage unit,” said Wood.

“The contract, which includes a further one-year contract extension option, will continue to be supported by more than 110 employees based at Wood’s office in Aberdeen, as well as offshore on the Mariner assets.”

Steve Nicol, Executive President of Operations at Wood, said: “This contract extension reflects Equinor’s continued confidence in Wood’s ability to deliver safe, efficient and reliable performance on the Mariner assets – a responsibility we’ve upheld since 2020.

“The Mariner field plays a vital role in supporting the UK’s energy security and we’re proud of Wood’s part in its success.”

On August 29, Dubai-based Sidara finally announced a proposed deal to take over John Wood Group.

But in a stock exchange statement, Sidara and Wood said they agreed that the acquisition is subject to a large number of conditions that are “highly unusual” under the UK’s Takeover Code.

The boards of Sidara and Wood agreed a recommended cash acquisition of Wood for 30p a share — around £216 million.

Last year, Wood rejected a cash takeover proposal from Sidara worth about £1.4 billion or £2.05 per share, before the Aberdeen firm became engulfed in major problems.

If approved by shareholders, the new deal would include Sidara providing a $450 million capital injection to Wood.