Double win for Wood in Brazil
UK oilfield services provider Wood has been awarded two offshore contract extensions in Brazil, which include the provision of operations services for Trident Energy and maintenance solutions for Equinor.
In July, Wood and Trident Energy signed an agreement to perform production and deck operation services onboard platforms P08, P65, PCE1, and PPM1. This contract is a one-year extension of the existing agreement that began in 2020, and the continuation of a long-term relationship between both companies.
In support of Trident’s mature field development, Wood has also been awarded Engineering and Modification projects for the same assets.
The Equinor contract is the fourth, one-year extension awarded to the team, with the contract initially secured in 2015 as a four-year commitment with options to extend. Wood’s team, now consisting of approximately 640 people mobilized on a large maintenance and technical upgrade campaign, will continue to provide maintenance solutions to optimise the Peregrino assets.
Equinor restarted production at the Peregrino field a couple of months ago, after more than two years of it being shut-in. The company is now preparing for the start-up of Phase II, which will extend the lifetime and value of the field and add 250-300 million barrels.
Peregrino Phase I consists of an FPSO unit, supported by two wellhead platforms – Peregrino A and Peregrino B. Peregrino II consists of a wellhead platform – Peregrino C – and related facilities.
Hugues Corrignan, Wood’s Country Manager for Brazil, said: “These contracts reinforce the trust our clients have in Wood’s capabilities to deliver maintenance, engineering and modification projects throughout the life of their assets. With 20 years of experience in the region, our team in Brazil has unparalleled expertise in mature field development and a proven history of working together with asset operators to secure energy safely and responsibly.”
Earlier this week, Wood also secured a long-term, multi-region deal with BP, covering its offshore portfolio. The five-year engineering services contract will see Wood support BP’s energy production through the provision of asset repairs, modifications, and enhancements.