WOOD GROUP (JOHN) PLC - Wood Group secures $150m, five year contract with Nexen

21 April, 2016

Wood Group secures $150 million, five year contract extension with Nexen in the North Sea

Wood Group has been awarded a five year contract by Nexen, valued at $150 million. Extending a contract in place since April 2010, Wood Group PSN (WGPSN) will continue to deliver operations, maintenance and technical support across Nexen's North Sea offshore assets; the Buzzard, Scott and Golden Eagle platforms.

More than 190 jobs are retained under the contract, which is effective immediately and builds on Wood Group's 12 year relationship with Nexen in the UKCS.

James Crawford, WGPSN's managing director in the UK and Africa said: "Working in partnership with Nexen we have proactively added value, maximized productivity and enhanced efficiency and safety across these assets. The long-term renewal of this contract demonstrates the success of our relationship and we look forward to leveraging our expertise and strong knowledge of the platforms, towards continued excellence in the service we provide to this key client."

This is the third contract extension WGPSN has secured in the UKCS this year. In April, the company announced a two year contract with TAQA, extending its provision of engineering, construction and maintenance services to five UKCS offshore assets. In February WGPSN secured an extension to continue to support Chevron Upstream Europe across four offshore assets in the North Sea.

Ends

Notes to editors:
Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses - Wood Group PSN, Wood Group Kenny and Wood Group Mustang - providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Visit Wood Group at http://www.woodgroup.com/ and connect with us on LinkedIn and Twitter.

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Operating in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. http://www.woodgroup-psn.com/

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