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Wood Group (John) PLC  -  WG.   

WGPSN chalks up sixth major North Sea contract extension

Released 07:00 04-Jul-2013

WGPSN chalks up sixth major North Sea contract extension

4 July 2013

WGPSN chalks up sixth major North Sea contract extension

Wood Group PSN (WGPSN) has secured its sixth major North Sea contract 
extension this year. The latest award comes in the form of a three-year 
contract from Nexen Petroleum UK Limited to deliver operations, maintenance 
and technical support services to the Scott and Buzzard platforms.

The contract also covers services to Nexen's Golden Eagle area development 
which is expected to come on stream in 2015. The award follows five other 
recent North Sea contract extensions from CNR, TOTAL E&P UK, Teekey, Ithaca 
Energy and ConocoPhillips (UK) Limited.

Nexen first awarded WGPSN a contract three years ago. Effective immediately, 
250 people will be employed offshore and 30 onshore in support of the contract.

Dave Stewart, UK managing director of WGPSN said: "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."

WGPSN has a long history with Nexen, having previously delivered hook-up and 
commissioning services for the Buzzard platform enhancement project in the 
North Sea. The company was also awarded the contract for the offshore hook-up
and commissioning for Nexen's Golden Eagle Area Development (GEAD) in December 
2012, while Wood Group ODL was awarded the contract to deliver documentation 
and training systems for the same project.

This award adds to a growing list of extensions for WGPSN in 2013. Two weeks 
ago WGPSN announced its first life of field contract Ithaca Energy which will 
see WGPSN operate and deliver managed services to the Beatrice offshore
platforms and Nigg onshore terminal until the end of their operating life. 
This was quickly followed last week with a one year extension from 
ConocoPhillips (UK) Limited, one of its longest running most complex project 
in the North Sea, valued at $60 USD million (£40 million GBP).

In the UK, Wood Group now employs more than 11,000 people working onshore 
and offshore.


Notes to Editors:

Wood Group is an international energy services company with around $7bn sales,
employing about 43,000 people worldwide and operating in 50 countries. The Group 
has three businesses - Wood Group Engineering, Wood Group PSN and Wood Group GTS 
providing a range of engineering, production support, maintenance management and 
industrial gas turbine overhaul and repair services to the oil & gas, and power 
generation industries worldwide.

Wood Group PSN is a global provider of pre-operations, hook up & commissioning,
operations & maintenance, engineering, construction, project management,training 
and decommissioning services to the energy industry. Employing over 25,000 people 
in more than 35 countries, Wood Group PSN offers high integrity,brownfield services 
that support customers to optimise performance, maintain production, reduce 
operating costs and provide integrity assurance.

Nexen Petroleum UK Ltd is a subsidiary of Nexen Inc., a wholly owned subsidiary of 
CNOOC Limited. Nexen UK produces oil & natural gas from a number of fields including 
Buzzard, the largest North Sea discovery in over 25 years. In 2012, Nexen's UK assets 
produced 203 mboe/d at 100% working interest (99,000 boe/d net).

For further information contact:

Carolyn Smith, Corporate Communications Director - Eastern Hemisphere, Wood Group
Tel: 01224 851099, email:

Bobbie Ireland, Corporate Communications Director - Western Hemisphere, Wood Group
Tel: +1 281 828-3505, email:


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WGPSN chalks up sixth major North Sea contract extension - RNS