Wood Group Extends North Sea Contract

Engineering firm, Wood Group PSN, has extended its contract in the North Sea with Dana petroleum.

The contract is for two years with the option of a one-year extension and estimated to be worth up to £40m per year.

The contract with Dana Petroleum for an integrated support services (ISC) in the North Sea, will mark more than 14 years of continuous service as prime contractor on the Triton FPSO.

WGPSN will continue to provide operations, maintenance, engineering and construction services to Dana Petroleum. Effective immediately, the contract will be supported by 120 people offshore and 30 onshore, in the UK from our Aberdeen and regional Glasgow offices.


Dave Stewart, UK Managing Director for WGPSN said: "We have provided support to the Triton FPSO vessel for more than 14 years and are delighted to continue this contract with the new operator. Dana Petroleum is a dynamic new operator and securing this piece of work positions us well to support Dana Petroleum as it continues to grow its business in the UK."

Richard Lyon, UK Operations Manager for Dana Petroleum added: "Dana has a determined growth strategy and Wood Group PSN has shown a commitment to helping us achieve this. This contract further enhances our long-term commitment to the UKCS."

Wood Group has chalked up seven contract extensions in the North Sea so far this year and says this latest contract demonstrates its strength in the area.

In the UK, the group employs more than 11,000 people onshore and offshore.

(JP/CD)