More North Sea Work for Wood Group

Oilfield services firm Wood Group reported Thursday that it has secured its sixth major North Sea contract extension. The firm said the new work comes in the form of a three-year contract from Nexen Petroleum UK to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms

Wood Group said the contract also covers services to Nexen's Golden Eagle area development, which is expected to come on stream in 2015. The firm noted that the award follows five other North Sea contract extensions from CNR, Total E&P UK, Teekey, Ithaca Energy and ConocoPhilips (UK) Limited.

As a result of the latest contract extension 250 people will be employed offshore and 30 onshore, Wood Group added.

Wood Group UK Managing Director Dave Stewart commented in a company statement:

"We work collaboratively with Nexen to ensure production efficiency, equipment reliability, cost control and outstanding safety performance on both the Scott and Buzzard platforms. We are delighted to have secured an extension to this significant contract. Combined with our involvement in the hook up and commissioning of the Golden Eagle development project, this award underlines the strength of our relationship with Nexen."



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