UK: Wood Group PSN Extends its North Sea Contract with TAQA for 5 More Years

Wood Group PSN has extended its contract with TAQA Bratani Limited for a further 5 years. Under the services contract Wood Group PSN will provide operations & maintenance support and engineering & construction services to TAQA’s Cormorant Alpha, North Cormorant, Tern and Eider platforms in the Northern North Sea.

The contract marks a continuation of the previous Duty Holder and integrated facility management services contract awarded to Wood Group in November 2008.

Robin Watson, UK Managing Director for Wood Group PSN said: “We are delighted to continue our long term relationship with TAQA and see this as a great opportunity to continue supporting our client to deliver on its North Sea business objectives. This contract extension is also an endorsement of the value we have added to TAQA’s investment and delivery over the past three years, and underlines the benefits of a long-term, mutually aligned business relationship.”

Leo Koot, managing director of TAQA Bratani, said: “We value the long term relationship that we have built with Wood Group over the last few years and will now continue with Wood Group PSN. Their understanding of the TAQA assets will be a vital in targeting the next level of operational efficiency from our mature installations.”

Wood Group PSN has approximately 600 personnel under the contract with TAQA – 200 onshore and 400 offshore.

Across the UK, Wood Group PSN has a workforce of almost 7000 personnel. With offices in Aberdeen, Glasgow, Runcorn and Hull the company has over 2900 onshore and approximately 4000 offshore personnel.

Wood Group is an international energy services company with $5.5bn sales, employing more than 34,000 people worldwide and operating in 50 countries. The Group has three businesses – Engineering, Wood Group PSN and Gas Turbine Services – providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 23,000 people in more than 35 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com

TAQA Bratani Limited is a fully integrated upstream exploration and production company working in the United Kingdom Continental Shelf (UKCS). Based in Aberdeen, Scotland, the company is wholly-owned by the Abu Dhabi National Energy Company PSJC (TAQA)

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Source: Wood Group, June 14, 2011