Golden North Sea win for Wood Group PSN

WOOD GROUP (JOHN) PLC - Golden North Sea win for Wood Group PSN

PR Newswire

London, January 16

17 January 2013

Golden North Sea win for Wood Group PSN

Wood Group PSN (WGPSN) has secured a US$50 million contract with NexenPetroleum UK Limited to carry out the hook-up and commissioning of the GoldenEagle Area Development (GEAD) project in the UK North Sea.

The Golden Eagle field will be developed using two platforms - a wellheadplatform and a production, utility and living quarters (PUQ) platform -connected by a 70 metre bridge. The field is located about 110km northeast ofAberdeen and first production from the project is expected in late 2014.

Under this new two year agreement, WGPSN will be responsible for the provisionof management, labour, materials, services and equipment to complete thehook-up and commissioning of the offshore facilities. GEAD is being executed byNexen Petroleum UK Limited, the project operator. Other coventurers includeMaersk Oil North Sea UK Ltd, Suncor Energy UK Ltd and Edinburgh Oil and GasLtd.

WGPSN will employ approximately 100 personnel to service the contract from itsheadquarters in Aberdeen, Scotland.

Dave Stewart, UK Managing Director for WGPSN said: "This is a key project forWGPSN and we are very proud to have been selected by Nexen to provide supportto one of the most significant offshore developments in the UKCS. We will bedeploying a high performing management team, familiar with Nexen's assets andprocesses, who have a track record of developing a positive project workculture that delivers results safely and on time."

WGPSN has a long history with Nexen, having previously delivered hook-up andcommissioning services for the Buzzard platform enhancement project in the UKNorth Sea. Wood Group ODL, a wholly owned subsidiary of WGPSN, was alsorecently awarded a contract by Nexen to deliver documentation and trainingsystems for the GEAD project.

In the UK, WGPSN now employs more than 8000 people working onshore andoffshore. The company has UK offices in Aberdeen, Glasgow, Runcorn and Hull.

ENDS -

Notes to Editors:

Wood Group is an international energy services company with $6bn sales,employing more than 42,000 people worldwide and operating in 50 countries. TheGroup has three businesses - Engineering, Wood Group PSN and GTS providing arange of engineering, production support, maintenance management and industrialgas turbine overhaul and repair services to the oil & gas, and power generationindustries worldwide. www.woodgroup.com

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 over25,000 people in more than 35 countries, Wood Group PSN offers high integrity,brownfield services that support customers to optimise performance, maintainproduction, reduce operating costs and provide integrity assurance.www.woodgroup-psn.com

For further information contact:

Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood GroupTel: 01224 851099, email: [email protected]