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Wood Group Awarded Main Contractor Agreement with Statoil

Wood Group Awarded Main Contractor Agreement with Statoil

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16 December 2015

Wood Group has been awarded a main contractor framework agreement worth approximately $400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS).

Wood Group Mustang Norway will provide this support for the Snorre A&B, Grane and Visund facilities over the term of the six year contract, with the option of a further four-year extension. The agreement is expected to create approximately 250 jobs.

In addition, Wood Group Mustang Norway has been awarded a competition agreement, which will enable the company to tender for individual projects for Statoil operated onshore and offshore installations in Norway. This agreement covers a period of 10 years that starts in the first quarter of 2016.

Otto Søberg, president of Wood Group Mustang Norway AS, said: "This is a breakthrough for Wood Group on the Norwegian Continental Shelf and we look forward to building on our existing relationship with Statoil. The work secured will call for a considerable build-up of the offices in Bergen and Stavanger and we will undergo a recruitment campaign to enhance our key talent and bring the best expertise to the projects.”

Wood Group Mustang Norway has been active on the NCS for more than 20 years. The company has been working closely with Statoil on their Statoil Technical Efficiency Programme (STEP). These awards follow the results achieved by Wood Group Mustang Norway on ongoing modification projects for Statoil such as Gullfaks Rimfaksdalen and Kollsnes.