Fossil energy – North Sea
Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum.
The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and expertise in North Sea energy infrastructure to partner with clients and build on long-standing relationships to optimise operations, increase production efficiency, and drive decarbonisation to ensure reliable, safe and sustainable energy supply across a suite of onshore and offshore assets.
A new three-year contract between Shell UK and Wood grows a multi-decade relationship to ensure the delivery of brownfield engineering, procurement and construction solutions across the company’s onshore St Fergus and Mossmorran terminals, as well as the Nelson, Gannet and Shearwater offshore assets.
With Dana Petroleum, Wood continues its almost ten-year relationship to agree a three-year contract with options for extension to deliver operations and maintenance solutions across the Western Isles and Triton FPSOs.
These contract awards close a successful year for Wood in the UK North Sea, following the announcement of several other long-term contract awards throughout 2021, including with Spirit Energy and TAQA, as well as Shell and NAM in the Southern North Sea.