ABERDEEN-based Wood Group PSN (WGPSN) has continued its run of contract successes in 2013 after extending its deal to provide operations and maintenance services to ConocoPhillips' 50 assets in the southern and central North Sea.
The £40 million extension, which will also see WGPSN provide services to the energy firm's Theddlethorpe onshore gas terminal in Lincolnshire, is a further vote of confidence the North Sea oil and gas services sector.
It is also a significant boost to employment, with the contract supported by 150 onshore and 280 offshore jobs in the UK.
The contract is described by WGPSN as one of its most complex projects, with its work spread over 50 manned and unmanned facilities.
It is also one of its longest running, having held the contract since 1992.
The renewal follows a host contract extensions won by WGPSN this year, with the firm having already secured further work with CNR, Total, Teekey and Ithaca Energy already in 2013.
The Ithaca deal, which safeguarded 200 jobs, was the first life of field contract won by the firm.
It will see WGSPN operate and deliver managed services to the Beatrice offshore platforms in the inner Moray Firth and Nigg onshore terminal until the end of their operating lives.
The deal is expected to be worth £140m to the firm.
This year's contract wins mark the continuing importance of WGPSN to its parent group, with the division now employing more than 28,000 staff in around 35 countries.
Dave Stewart, UK managing director for WGPSN, said: "We are proud to have worked with ConocoPhillips (UK) for more than 20 years and continue this long-term relationship.
"The ConocoPhillips project is a key contract in our UK portfolio and we are pleased to receive this extension and further enhance our reputation with a major international company."
ConocoPhillips declined to comment on the contract extension.
Shares in Wood Group closed up 4.5p at 770.5p
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article