5th May 2016 07:08
LONDON (Alliance News) - John Wood Group PLC Thursday said it has been awarded a three-year contract that will extend the support offered by the oilfield services company to eight assets lying offshore the UK that are owned by Royal Dutch Shell PLC.
Wood Group will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Brent Bravo and Brent Charlie installations whilst Wood Group PSN will provide engineering modifications to the latter three platforms.
The contract, which retains 500 jobs for Wood Group, also has two separate one-year extension options.
This is the third contract Shell has awarded Wood Group this year. In March Wood Group PSN announced a new three year contract, with the option to be extended up to four years, to deliver industrial services to the St Fergus gas processing plant in Aberdeenshire and the Mossmorran gas processing plant and Braefoot Bay marine terminal in Fife, Scotland.
In January, Wood Group Kenny commenced a three year contract providing specialist consultancy services for flexible riser integrity management prior to and during operation of Shell Australia's Prelude floating liquefied natural gas project.
Wood Group shares were up 1.1% to 609.50 pence per share on Thursday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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