Contract with Statoil to create new jobs, Wood Group says
- Business & Finance
Wood Group, an international energy services company, has been awarded a framework agreement with Statoil. The agreement is expected to create approximately 250 jobs.
On Tuesday, the Norwegian oil major Statoil dished out maintenance and modification agreements worth NOK 24 billion ($2.76 billion). The main contractor agreements have been awarded to four companies, including Wood Group.
The energy services company has been awarded a main contractor framework agreement worth approximately $400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS). Wood Group Mustang Norway will provide this support for the Snorre A&B, Grane and Visund facilities over the term of the six year contract, with the option of a further four-year extension.
In addition, Wood Group Mustang Norway has been awarded a competition agreement, which will enable the company to tender for individual projects for Statoil operated onshore and offshore installations in Norway. This agreement covers a period of 10 years that starts in the first quarter of 2016.
Otto Søberg, president of Wood Group Mustang Norway AS, said: “This is a breakthrough for Wood Group on the Norwegian Continental Shelf and we look forward to building on our existing relationship with Statoil. The work secured will call for a considerable build-up of the offices in Bergen and Stavanger and we will undergo a recruitment campaign to enhance our key talent and bring the best expertise to the projects.”