Wood Group Wins Statoil Multimillion Contract

Published at 09:18AM - 28/06/16

Wood Group announced today it has been awarded a multimillion dollar contract to provide detailed engineering, design and procurement services for the development of the Peregrino field.

The services will be provided by Wood Group Mustang to South Atlantic Holding, owned by Statoil and Sinochem, in the development of wellhead platform C, located offshore Brazil.

“Wood Group Mustang’s proven ability to deliver cost-effective and efficient solutions was a key enabler to obtaining the contract”, Wood Group Mustang CEO, Michele McNichol, said.

Wood Group Wins Statoil Multimillion Contract

Wood Group Mustang had already completed the front-end engineering and design (FEED) for wellhead platform C in 2015 and had previously designed wellhead platforms A and B.

Under this new contract, Wood Group Mustang will be providing services to Kiewit Offshore Services (KOS).

The contract follows a wide portfolio of services already provided o Statoil, as well as the signing of a recent master services agreement for Wood Group so support the lifecycles of Statoil’s onshore and offshore facilities, the company informed.

The oil services giant is also supporting the Peregrino field, providing operations, maintenance and modification services for the existing wellhead platforms, as well as modification services for the floating production storage and offloading (FPSO) facility.

Wood Groups Maintains Operations On The NCS

Currently, Wood Group Mustang is delivering maintenance and modification services to four facilities owned by Statoil, located on the Norwegian Continental Shelf (NCS).

Earlier this month, Wood Group Mustang had also been selected by the US independent Noble Energy to perform front-end engineering and design work for its Leviathan project offshore Israel.

Noble invested a total of US$120 million (£90.13 million) in the FEED work and is expected to make a final investment decision (FID) on the project in the fourth quarter of this year, with first production expected by the fourth quarter of 2019.