WGPSN Secures ISC Contract Extension for Triton FPSO

Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for integrated support services (ISC) in the North Sea, marking more than 14 years of continuous service as prime contractor on the Triton FPSO.

The contract is for two years with the option of a one-year extension and estimated to be worth up to $60 million (£40 million) per year.

WGPSN will continue to provide operations, maintenance, engineering and construction services to Dana Petroleum. Effective immediately, the contract will be supported by 120 people offshore and 30 onshore, in the UK from the Group’s Aberdeen and regional Glasgow offices.

Dave Stewart, UK managing director for WGPSN said: “We have provided support to the Triton FPSO vessel for more than 14 years and are delighted to continue this contract with the new operator. Dana Petroleum is a dynamic new operator and securing this piece of work positions us well to support Dana Petroleum as it continues to grow its business in the UK.”

Richard Lyon, UK operations manager for Dana Petroleum said: “Dana has a determined growth strategy and Wood Group PSN has shown a commitment to helping us achieve this. This contract further enhances our long-term commitment to the UKCS.”

This is the seventh North Sea contract extension chalked up by WGPSN in 2013 from CNR, TOTAL E&P UK, Teekey, Ithaca Energy, Nexen and ConocoPhillips. Most recently WGPSN also announced the acquisition of Pyeroy Group Limited (Pyeroy), a provider of specialist coatings, access and fabric maintenance services to the oil & gas, marine and rail industries.

In the UK, Wood Group now employs more than 11,000 people working onshore and offshore.

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Press Release, August 6, 2013