Wood Group (John) PLC Wood and Harbour Energy agree $330m partnership (1785L)
04 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMWG.
RNS Number : 1785L
Wood Group (John) PLC
04 September 2023
4 September 2023
Wood and Harbour Energy agree new $330m strategic
partnership
Wood, a global consulting and engineering company, and Harbour
Energy (Harbour), the UK's largest oil and gas producer, have
entered into a new strategic partnership for UK North Sea
operations agreeing a new master services agreement (MSA) and
associated contracts valued at around $330 million.
Under this new agreement, Wood will provide engineering,
procurement and construction (EPC) and operations and maintenance
(O&M) services, including digital and decarbonisation
solutions, for a number of Harbour's offshore assets critical to UK
energy security.
The strategic partnership will run for an initial term of five
years, with five one-year extension options covering Harbour's
operated assets, including its J-Area, Greater Britannia Area,
Solan and AELE (Armada, Everest, Lomond and Erskine) hubs.
Steve Nicol, Wood's Executive President of Operations, said: "We
are incredibly proud to have been selected and trusted by Harbour
Energy to partner with them across their North Sea assets. We share
a commitment to ensuring safe, reliable and sustainable energy
production and are confident our integrated digital solutions and
world-leading engineering, operations and decarbonisation expertise
will enable Harbour to maximise their investment and ensure the UK
continues to have the energy mix it needs.
"We have worked on North Sea assets for more than 50 years and
excel in designing and managing the complexity of energy
infrastructure while at the same time seeking to minimise
associated emissions. This new agreement and new contracts are
testament to Wood's role as a trusted technical partner to the
energy companies of the future, where our priority is to help our
clients deliver the energy the world needs and be able to
transition to a low carbon future."
Audrey Stewart, Harbour Energy's Vice President of Supply Chain,
said: "Harbour is excited to develop our relationship with Wood and
the signing of this contract is an important step forward in
establishing our suite of long-term strategic partnerships across
our North Sea assets."
This partnership will support the employment of hundreds of
people from Wood's Operations business in Aberdeen and offshore
across the two EPC and O&M contracts, with further recruitment
expected in 2024.
-Ends-
Note to Editors:
Wood
Wood is a global leader in consulting and engineering, helping
to unlock solutions to critical challenges in energy and materials
markets. We provide consulting, projects and operations solutions
in 60 countries, employing around 35,000 people.
www.woodplc.com
Harbour Energy
Harbour Energy is the largest independent UK oil and gas
producer. We have a leading position in the UK as well as interests
in Indonesia, Vietnam, Mexico, and Norway. Our strategy is to
continue to build a global, diversified oil and gas company focused
on safe and responsible operations, value creation and shareholder
returns. Across our operations we are committed to achieving our
goal of net zero greenhouse gas emissions by 2035 with respect to
our scope 1 and scope 2 emissions. In addition, we are well
positioned to use our existing skills and infrastructure to help
deliver the UK's CCS goals and more broadly the country's emissions
reduction targets.
For further information:
Simon McGough, President, Investor Relations +44 (0)7850 978 741
Alex Le May / Del Bowen, FTI Consulting +44 (0)20 3727 1340
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END
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