Wood Group to manage North Sea floater for Premier

Premier Oil has contracted Wood Group PSN for operations and maintenance support services for the Balmoral floating production vessel in the UK central North Sea.

Offshore staff

ABERDEEN, UK – Premier Oil has contracted Wood Group PSN for operations and maintenance support services for the Balmoral floating production vessel in the UK central North Sea.

Under the $396-million life-of-field contract (estimated to run through 2020), Wood Group PSN will provide onshore and offshore operations and maintenance, including management of selected procurement and logistics support.

The semisubmersible production vessel is stationed 122 mi (196 km) northeast of Aberdeen and hosts production from the Balmoral, Beauly, Brenda, Burghley, Nicol, and Sterling fields.

The contract is effective May 1, and will provide employment for more than 70 offshore staff and create up to 15 full-time onshore positions. Wood Group PSN will perform the work from Aberdeen with an operations team based in Premier Oil’s offices.

2/27/2012

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