Wood Group Explores Subsea Opportunities in Ghana

Wood Group has signed a Memorandum of Understanding (MOU) with a Ghanaian company to explore opportunities to provide subsea engineering services to local operators. This move highlights Wood Group’s commitment to nationalisation and engaging the local supply chain in countries it operates in.

Wood Group Ghana Limited (Wood Group) is forming an agreement to partner with Hydra Offshore Limited (Hydra Offshore) to deliver subsea engineering projects for Ghana’s oil and gas industry.

The MOU was announced at Enbalis – the centre responsible for establishing and running the Enterprise Development Centre, in Accra.

The collaboration will combine the strengths of Hydra Offshore’s subsea engineering capabilities with technical experience, capability, technology and technical assurance of Wood Group’s global oil and gas business.

Ian McKay, Wood Group Ghana Ltd’s country manager, said: “Wherever Wood Group works in the world, we endeavour to do our part to create jobs, develop local resources and stimulate the economic base. We continually expand the local content of our activities and operations in line with our Core Values and this partnership with Hydra Offshore will underpin this work.

“This partnership reflects our commitment to growing our business in Ghana and it directly supports the aims of the Enterprise Development Centre, to assist Ghanaian small and medium enterprises in positioning themselves to take advantage of opportunities in the oil and gas sector.

“Hydra Offshore engineers will also be able to tap into the subsea experience, knowledge on job coaching, technology and in house training programmes available through our sister company, Wood Group Kenny.”

Delali Otchi, chief executive officer for Hydra Offshore said: “Hydra Offshore is committed to the national agenda of maximising local content and strives to achieve a very high degree of Ghanaian content practicable without compromising operational and technical integrity.

“Our partnership with Wood Group and other affiliates is designed to encourage the needed knowledge transfer required to promote local participation of Ghanaian companies in the oil and gas sector.”

Providing a range of brownfield production, subsea support and greenfield engineering services, Wood Group operates in more than 21 countries in Africa, employing over 5,000 people.

Hydra Offshore Limited is a wholly Ghanaian owned oilfield services company providing offshore and subsea engineering solutions to the oil and gas industry in Ghana.

Press Release, December 11, 2013