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Wood Group GTS JV secures contract in Kazakhstan

3rd Apr 2014 07:00

WOOD GROUP (JOHN) PLC - Wood Group GTS JV secures contract in Kazakhstan

WOOD GROUP (JOHN) PLC - Wood Group GTS JV secures contract in Kazakhstan

PR Newswire

London, April 2

3 April 2014 Wood Group GTS joint venture secures contract in Kazakhstan's Kashagan oilfield KTR-WG Turbine Services LLP (KTR-WG), a joint venture between Wood Group GTSand KazTurboRemont (KTR), has been awarded a long-term service agreement by theNorth Caspian Production Operating Company (NCPOC) in Kazakhstan. The joint venture will support the critical rotating equipment on the Kashaganproject to develop the 5,600km² Kashagan oil field. The contract includes sixGE Frame 6B, two GE Frame 5D, three Siemens SGT-600 and four Rolls-Royce RB211gas turbines plus all driven equipment, steam turbines, standby diesels andcompressors, fully utilising the diverse range of experience on these enginetypes the joint venture is equipped to deal with. The KTR-WG team was selected based on their combined capabilities andexperience developed through the provision of services to the gas turbinemarket. The contract is for an initial eight year term with further extensionoptions, and covers the supply of parts, repairs, planned maintenance andsupervisors in-country to manage the full scope of rotating equipment. Frank Avery, President of Power Plant Services for Wood Group GTS said:"Working with KTR we will apply our proven experience in the gas turbine marketto manage the scope of work for NCPOC. By offering a localised service KTR-WGis able to provide capital parts, repair and 24/7 field service engineers. Ourintegrated approach to managed maintenance services will assist NCPOC inensuring high availability of their diverse portfolio of rotating equipment." Askhat Usserov, General Director for KazTurboRemont, said: "Under the contractKTR-WG plans to set up a gas turbine component repair facility in Kazakhstan,signaling our ongoing commitment to train local supervisors." Ends - Note to Editors: Wood Group GTS is a leading independent provider of rotating equipment servicesand solutions for clients in the power, oil & gas and clean energy markets.Worldwide, these services include: power plant engineering, procurement andconstruction; facility operations & maintenance; and repair & overhaul,optimisation and upgrade of gas, wind and steam turbines, pumps, compressorsand other high-speed rotating equipment. www.woodgroupgts.com Wood Group is an international energy services company with around $7bn sales,employing about 46,000 people worldwide and operating in 50 countries. TheGroup has three businesses - Wood Group Engineering, Wood Group PSN and WoodGroup GTS - providing a range of engineering, production support, maintenancemanagement and industrial gas turbine overhaul and repair services to the oil &gas, and power generation industries worldwide. Wood Group is one of the biggest UK headquartered groups active in Kazakhstanwith about 700 people and more than $100million of revenue operating to thehighest safety standards. Wood Group, through its joint venture PSN KazStroy,is providing conceptual, FEED and detailed engineering design and technicalsupport to two major operators in Kazakhstan as well as a broad range ofservices to other customers. www.woodgroup.com KazTurboRemont (KTR) is a leading turbomachinery services provider in theregion. It provides engineering, procurement, construction services, repair andmaintenance of complex technological equipment, including various types ofcompressors, steam and gas turbines, pumps, generators and engines, theproduction of accessories, components and hardware. Company operates its ownproduction facility in Atyrau. http://www.ktr.kz/en/ North Caspian Production Operating Company was formed in October 2008. TheRepublic of Kazakhstan reached an agreement with the seven companiesparticipating in the NCSPSA to form a new joint operating company, the NorthCaspian Operating Company B.V. In January 2009 NCOC formally became theoperator under the NCSPSA contract area including the giant Kashgan field, oneof the largest petroleum developments in the world. Other assets include theKalamkas, Aktoty and Kairan fields. Headquartered in the Republic of Kazakhstanwww.ncoc.kz/en/default.aspx The Kashagan oil field, discovered in 2000, is located in the northern part ofthe Caspian Sea close to Atyrau, and is considered to be the world's largestdiscovery in the last 40 years. For further information contact Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood GroupTel: +44 (0) 1224 851099, email: [email protected] Bobbie Ireland, Corporate Communications - Americas, Wood Group

Tel: +1 (281) 828 3505, email: [email protected]


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