Wood Group PSN continues with Hibernia (Canada)
- Business & Finance
Wood Group PSN (WGPSN) will continue its provision of engineering, procurement and construction services to the Hibernia platform, offshore Newfoundland and Labrador, under a new multi-million dollar, five-year contract extension from Hibernia Management and Development Company Ltd. (HMDC).
Since first oil in 1997 WGPSN has been providing these services and according to the company, the contract is still a cornerstone of WGPSN business in the region. Hibernia was the first producing field off Canada’s East Coast.
Tim O’Leary, president, Wood Group PSN Canada said: “The extension of our contract to provide services for the Hibernia platform is evidence of the continued high level of service we have demonstrated and of the confidence this key client has in our team.”
Wood Group PSN is one of the largest brownfield engineering and construction offices in Atlantic Canada with more than 500 people working onshore and offshore.
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 Statoil Canada Ltd. (5%).