Wood Nets Equinor EPCI Deal for Vigdis IOR Project
Wood has received a contract from Equinor, worth $13 million, to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.
Wood will provide topside modifications to enable the tie-in of subsea equipment to offshore platforms Snorre A and Snorre B, which process oil from the Vigdis subsea field, located in the Norwegian North Sea.
The contract is delivered from Wood’s office in Sandefjord, Norway.
Wood also currently provides maintenance, modification and operations (MMO) services on Snorre A and B under a framework agreement with Equinor.
Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, said: “Wood has a longstanding relationship with Equinor and this contract award further demonstrates their confidence in our offshore modifications capabilities. This new contract also supports our strategic focus on solidifying our position as a modifications service provider in Norway.”
Lars Fredrik Bakke, Wood’s senior vice president in Norway added: “Wood has decades of experience in the Norwegian energy sector. This experience, combined with our local engineering team’s customer specific knowledge of Equinor’s processes and systems, positions us ideally to safely and successfully deliver this contract.”
On completion of the project, production from the Vigdis field will be increased by almost 11 million barrels.