Hibernia platform - Wood

Hibernia contract renewal for Wood

Hibernia Management and Development Company (HMDC) has renewed a contract with Wood Plc to provide engineering, procurement, and construction (EPC) solutions and maintenance to the Hibernia platform off the coast of St. John’s, Newfoundland and Labrador.

Hibernia platform; Source: Wood

Wood said last week that, with the five-year extension agreement, it would continue to employ up to 300 people on the contract, which it has been supporting as the incumbent contractor for these services since first oil in 1997.

“This renewal demonstrates the strength of our relationship with HDMC and ongoing support of the Hibernia offshore platform developed over the last two decades”, said Paul Leonard, President of Wood’s operations business in the Americas.

“We are proud of the work delivered to-date by our local teams, who will continue to contribute to the project’s successful operations.

“This contract highlights Wood’s proven performance and deep domain expertise in the offshore oil and gas market in Eastern Canada, drawing on our extensive global track record in the efficient maintenance of offshore installations and in safeguarding energy security”.

Wood was awarded its previous five-year contract to provide EPC and maintenance services to the Hibernia platform back in October 2016.

The shareholders of Hibernia Management and Development Company Ltd. (HMDC) are: ExxonMobil Canada (33.125%), Chevron Canada Resources (26.875%), Suncor (20%), Canada Hibernia Holding Corporation (8.5%), Murphy Oil (6.5%) and Equinor Canada Ltd. (5%).

The Hibernia platform was towed to the Hibernia oil field and positioned on the ocean floor in June of 1997 and began producing oil on 17 November 1997. The topsides facilities accommodate drilling, producing and utility equipment on the Hibernia platform, and provide living quarters for the steady-state crew of approximately 185 people.