Wood Group secures Hibernia EPCM contract
Hibernia Management and Development Co. Ltd. has awarded Wood Group a five-year contract to provide engineering, procurement, construction, and maintenance services to the Hibernia platform offshore Newfoundland.
HOUSTON – Hibernia Management and Development Co. Ltd. (HMDC) has awarded Wood Group a five-year contract to provide engineering, procurement, construction, and maintenance services to the Hibernia platform offshore Newfoundland.
The contract will be executed by Wood Group’s Eastern Canada operations, in St. John's, Newfoundland & Labrador, and has the potential of two additional five-year contract extensions.
Michele McNichol, CEO for Wood Group’s Asset Life Cycle Solutions business in the Western Hemisphere, said: “Since first oil in 1997, Wood Group has been the incumbent contractor for many of these services on the Hibernia platform. The first producing field of Canada’s east coast, it has been a cornerstone of our business in the region.
“This new contract demonstrates the confidence this key client has in our team. Wood Group has provided a high level of service, retained specific knowledge to the platform, and executed work safely with local talent - even in the harshest of environments.”
Wood Group says it currently executes EPC contracts on two of the three production platforms located offshore Newfoundland.
HMDC is owned jointly by ExxonMobil Canada (33.125%), Chevron Canada Resources (26.875%), Suncor Energy (20%), Canada Hibernia Holding Corp. (8.5%), Murphy Oil (6.5%), and Statoil Canada Ltd. (5%).