Wood Group lands £266m Statoil deal

Wood Group lands £266m Statoil deal

Wood Group has landed a contract worth around £266m to deliver maintenance and modification services to Statoil, creating 250 jobs.

The six-year contract will see Wood Group Mustang Norway deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS).

Wood Group will provide support for the Snorre A&B, Grane and Visund facilities over the term, with the potential of a further four-year extension.

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.”

In addition to this deal, Wood Group has been awarded a competition agreement, which will enable the group to tender for individual projects for Statoil operated onshore and offshore installations in Norway.

The agreement covers a period of 10 years starting early next year.