Wood Group wins $500M contract from Talisman Sinopec (UK)
- Business & Finance
Wood Group PSN (WGPSN) has been awarded its first major contract in the UK in 2014. The five year contract extension from Talisman Sinopec Energy UK is valued at $500 million USD and includes an option for two additional, two year extensions.
Under the scope, WGPSN will provide engineering & modifications services to Talisman Sinopec Energy UK’s 11 offshore assets – Arbroath, Auk, Bleo Holm, Buchan, Claymore, Clyde, Fulmar, Montrose, Piper B, Saltire and Tartan platforms – in the UK North Sea, and onshore at the Flotta oil terminal on Orkney.
Effective immediately, this award enables WGPSN to retain approximately 550 jobs onshore and offshore in the UK.
This is one of two major contracts WGPSN has with Talisman Sinopec Energy UK. The other is for the provision of operations and maintenance services to the same 12 assets.
Dave Stewart, UK managing director of WGPSN said: “We have worked with this key client for 10 years and this award is testament to the relationship we have developed. Our Talisman Sinopec Energy UK project now employs 1,300 personnel onshore and offshore making it one of the largest projects in our global portfolio. Securing this contract is a great way to kick off 2014.”
In the UK, Wood Group now employs more than 12,000 people working onshore and offshore.
Press Release, February 25, 2014