ABERDEEN, UK – Premier Oil has contracted Wood Group to provide topsides operations and maintenance services at the Balmoral floating production vessel (FPV) in the UK central North Sea and the Solan platform, west of Shetland.
The two-year, $50-million deal carries three one-year extension options. It will allow Wood Group to secure more than 150 jobs and extends the company’s support of Premier Oil on the UK shelf.
It began delivering operations, maintenance, and engineering services to theBalmoralFPV in 2012.
Dave Stewart, CEO of Wood Group’s Asset Life Cycle Solutions business in the eastern region, said: “We have consistently and successfully assured the management of safety and integrity and applied our innovation and technical expertise to maximize uptime and production, whilst also reducing field lift costs. This will be our continued focus…”
The award is independent from Wood Group’s provision of fabric maintenance services to theBalmoral FPV, which it has undertaken since 2014.