Wood Group gets more work with Premier
- Business & Finance
Wood Group has been awarded a $50 million contract with Premier Oil to deliver topside operations and maintenance services to the Balmoral floating production vessel (FPV) in the Central North Sea and the Solan installation, West of Shetland.
According to Wood Group’s statement on Monday, the two-year contract which has three, one year extension options, retains more than 150 jobs and extends Wood Group’s support of Premier Oil in the UKCS as the company has been delivering operations, maintenance and engineering services to the Balmoral FPV since 2012.
Dave Stewart, CEO of Wood Group’s Asset Life Cycle Solutions business in the eastern region said: “This contract clearly demonstrates the strong partnership we have developed with Premier Oil in the North Sea; renewing our support of the Balmoral FPV and broadening our delivery to include the Solan field, which came on stream in April 2016.
“We have consistently and successfully assured the management of safety and integrity and applied our innovation and technical expertise to maximize uptime and production, whilst also reducing field lift costs. This will be our continued focus; leveraging both our late life asset management expertise and production enhancing technical solutions as we continue to collaborate with Premier Oil on the safe and effective delivery of this latest contract.”
Wood Group also currently supports Premier Oil in the delivery of fabric maintenance services to the Balmoral FPV in a separate contract held since 2014.
The Balmoral area fields – Balmoral, Stirling, Brenda & Nicol – are located in Blocks 16/21a and 16/21b in the UK Central North Sea, 200 kilometers northeast of Aberdeen.
The Balmoral area fields produce via the Premier-operated floating production facility located on the Balmoral field. Oil is transported via the Brae-Forties link to Cruden Bay and overland to Hound Point.
Premier also derives benefit from the Burghley and Beauly third party fields utilizing the Balmoral area infrastructure.