Wood Group PSN awarded five-year contract in Gulf of Mexico
Wood Group, the FTSE 100 energy services giant, has announced its PSN business has scored a contract to deliver operations and maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year agreement.
Wood Group, the FTSE 100 energy services giant, has announced its PSN business has scored a contract to deliver operations and maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year agreement.
The company will also provide the services to Hess for the Tubular Bells and
Stampede deepwater facilities in the Mississippi Canyon and Green Canyon
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
regions of the Gulf of Mexico when they come on stream in the future. The
contract will lead to the creation of up to 100 new jobs in the region.
Wood Group PSN will develop a computerised maintenance management system (CMMS) to track the maintenance and repair of rotating equipment and maintenance parts. It will also manage the inventory of engineering parts.
Derek Blackwood, Wood Group PSN Americas President, said: "Hess is a valued customer to WGPSN. Since 1999, we have maintained contracts with Hess in the UK and in Equatorial Guinea, and we are pleased to have extended this relationship to the US Gulf of Mexico. We will recruit new employees to service this contract and are committed to developing a skilled and talented local workforce."
Wood Group PSN employs over 5,000 people in the US, working both offshore in the Gulf of Mexico and onshore servicing the conventional oil & gas sector and shale plays.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published