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North Sea contract success continues for WGPSN

25th Jun 2013 07:00

WOOD GROUP (JOHN) PLC - North Sea contract success continues for WGPSN

WOOD GROUP (JOHN) PLC - North Sea contract success continues for WGPSN

PR Newswire

London, June 24

25 June 2013 North Sea contract success continues for WGPSN Wood Group PSN (WGPSN) has extended one of its longest running projects in the North Sea undera $60 USD million (£40million GBP) one year contract extension with ConocoPhillips (UK) Limited. WGPSN will continue to provide operations and maintenance services, and facilities modificationsservices to ConocoPhillip's 50 offshore assets in the Southern and Central North Sea and theonshore Theddlethrope gas terminal in Lincolnshire. Effective immediately, the contract will besupported by 150 onshore and 280 offshore people in the UK. This is one of WGPSN's longest running and most complex projects, spread across 50 manned andunmanned facilities in the North Sea. ConocoPhillips first awarded WGPSN the contract in 1992. Dave Stewart, UK managing director for WGPSN said: "We are proud to have worked withConocoPhillips (UK) Limited for more than 20 years and continue this long-term relationship.The ConocoPhillips project is a key contract in our UK portfolio and we are pleased to receivethis extension and further enhance our reputation with a major international company." This award follows a string of North Sea contract extensions chalked up by WGPSN in 2013 fromCNR, TOTAL E&P UK, Teekey and Ithaca Energy. Most recently WGPSN announced our first life offield contract Ithaca Energy which will see WGPSN operate and deliver managed services to theBeatrice offshore platforms and Nigg onshore terminal until the end of their operating life. In the UK, Wood Group now employs more than 11,000 people working onshore and offshore. ENDS - Notes to Editors: Wood Group is an international energy services company with around $7bn sales,employingabout 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 repairservices to the oil & gas, and power generation industries 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 decommissioningservices to the energy industry. Employing over 28,000 people in more than 35 countries,Wood Group PSN offers high integrity,brownfield services that support customers to optimiseperformance, maintain production, reduce operating costs and provide integrity assurance.www.woodgroup-psn.com For further information contact: Carolyn Smith, Corporate Communications Director - Eastern Hemisphere, Wood GroupTel: 01224 851099, email: [email protected] Bobbie Ireland, Corporate Communications Director - Western Hemisphere, Wood GroupTel: +1 281 828-3505, email: [email protected]

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