Wood Group PSN has been awarded a major North Sea contract by Premier Oil to deliver integrated operations and maintenance support services to the Balmoral floating production vessel (FPV).

The contract, estimated to be worth in the order of £250 million, will see Wood Group PSN provide managed onshore and offshore operations and maintenance services including management of selected procurement and logistics support to the Balmoral. The semi-submersible production vessel is situated 122 miles North East of Aberdeen and services six fields namely, Balmoral, Stirling, Beauly, Brenda, Nicol and Burghley. The award to Wood Group PSN is a life of field work scope, currently estimated to run until 2020.

Effective 1st May 2012, the contract allows Wood Group PSN to secure employment for over 70 offshore staff and create up to 15 full time onshore positions. The contract was awarded after a competitive tender process.

Robin Watson, UK managing director for Wood Group PSN said: “This contract is a significant win for Wood Group PSN’s UK business. We will be focusing our energy on working in close partnership with Premier Oil to deliver safe operations that add value to the company’s North Sea business and support future growth.

“Wood Group PSN previously worked with Premier Oil to successfully commission and decommission the Sevan Voyageur, a Floating Production Storage and Offloading System (FPSO) in the Shelley field, central North Sea. This new contract award is an especially important milestone that allows us to nurture our relationship with a key client.”

Wood Group PSN will execute the work from Aberdeen with an operations team based in Premier Oil’s city offices.

Across the UK, Wood Group PSN has a workforce of almost 8,000 personnel with approximately 3,000 onshore and 5,000 offshore workers.

- ENDS -

Notes to editors:
Wood Group is an international energy services company with $5.5bn sales, employing more than 38,000 people worldwide and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and GTS providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.  www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 25,000 people in more than 35 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com

For further information contact:

Carolyn Smith, Director, Corporate Communications – Eastern Hemisphere, Wood Group
Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com

Kerry Sedge, PR Manager, Wood Group PSN
Tel: +61 4 175 78000, email: kerry.sedge@woodgroup.com