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 contractextension this year. The latest award comes in the form of a three-yearcontract from Nexen Petroleum UK Limited to deliver operations, maintenanceand technical support services to the Scott and Buzzard platforms. The contract also covers services to Nexen's Golden Eagle area developmentwhich is expected to come on stream in 2015. The award follows five otherrecent North Sea contract extensions from CNR, TOTAL E&P UK, Teekey, IthacaEnergy 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 collaborativelywith Nexen to ensure production efficiency, equipment reliability, costcontrol and outstanding safety performance on both the Scott and Buzzardplatforms. We are delighted to have secured an extension to this significantcontract. Combined with our involvement in the hook up and commissioning ofthe Golden Eagle development project, this award underlines the strength ofour relationship with Nexen." WGPSN has a long history with Nexen, having previously delivered hook-up andcommissioning services for the Buzzard platform enhancement project in theNorth Sea. The company was also awarded the contract for the offshore hook-upand commissioning for Nexen's Golden Eagle Area Development (GEAD) in December2012, while Wood Group ODL was awarded the contract to deliver documentationand training systems for the same project. This award adds to a growing list of extensions for WGPSN in 2013. Two weeksago WGPSN announced its first life of field contract Ithaca Energy which willsee WGPSN operate and deliver managed services to the Beatrice offshoreplatforms and Nigg onshore terminal until the end of their operating life.This was quickly followed last week with a one year extension fromConocoPhillips (UK) Limited, one of its longest running most complex projectin the North Sea, valued at $60 USD million (£40 million GBP). In the UK, Wood Group now employs more than 11,000 people working onshoreand offshore. ENDS - 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 Grouphas three businesses - Wood Group Engineering, Wood Group PSN and Wood Group GTSproviding a range of engineering, production support, maintenance management andindustrial gas turbine overhaul and repair services to the oil & gas, and powergeneration industries worldwide. www.woodgroup.com Wood Group PSN is a global provider of pre-operations, hook up & commissioning,operations & maintenance, engineering, construction, project management,trainingand decommissioning services to the energy industry. Employing over 25,000 peoplein more than 35 countries, Wood Group PSN offers high integrity,brownfield servicesthat support customers to optimise performance, maintain production, reduceoperating costs and provide integrity assurance. www.woodgroup-psn.com Nexen Petroleum UK Ltd is a subsidiary of Nexen Inc., a wholly owned subsidiary ofCNOOC Limited. Nexen UK produces oil & natural gas from a number of fields includingBuzzard, the largest North Sea discovery in over 25 years. In 2012, Nexen's UK assetsproduced 203 mboe/d at 100% working interest (99,000 boe/d net). 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]