Wood Group signs ten-year master service deal with Chevron
- Business & Finance
UK-based energy services company Wood Group has signed a ten-year master services agreement (MSA) with U.S. oil major Chevron.
Wood Group said on Wednesday that the new deal would allow it to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design, and procurement services in multiple locations across Chevron’s global onshore and offshore asset portfolio.
The first work orders under the new agreement are for conceptual and pre-FEED work on topsides for two semi-submersible platforms on the Tigris and Anchor developments in the U.S. Gulf of Mexico (GoM).
The Tigris and Anchor platforms will operate in 4,000 to 5,000 feet of water, approximately 140 miles offshore Louisiana in the GoM.
Robin Watson, chief executive of Wood Group, said: “The MSA and Gulf of Mexico contracts continue our strong relationship with Chevron. We have more than 30 years’ experience in deepwater developments for a broad range of customers, from concept to closure. The amalgamation of this knowledge and experience will be brought to bear for Chevron for an optimal solution.”
Chevron and Wood Group already collaborate on several projects in the GoM, including Jack, St. Malo, and Blind Faith, as well as the Gorgon project in Australia.