Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to Total's Alwyn, Dunbar, Elgin and Franklin offshore platforms and the St Fergus onshore gas plant.
The contract was first awarded 10 years ago.
David Stewart, UK managing director for Wood Group PSN, said: "This contract renewal is testament to the quality and standards of the services we provide.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"It's an important contract in our UK business and we are proud to continue to work with Total to deliver a range of technically challenging projects. The award recognises the ongoing improvements achieved and provides a platform to further enhance our reputation with a major international company."
In the UK, Wood Group PSN employs more than 8,000 people working onshore and offshore.
NR
-
What’s changing with employers’ National Insurance – and how will it impact you?You might think the upcoming changes to employers’ National Insurance won’t impact you unless you’re a business owner, but experts have warned it could limit pay rises, cause redundancies, and push inflation higher.
-
Will Donald Trump invade Greenland?Trump has announced renewed interest in taking over Greenland, an autonomous territory of Denmark. Why does he want it and what are the implications?
