Wood Group bags main Statoil deal

December 16, 2015

Wood Group has been awarded a main contractor framework agreement worth approximately US$400 million to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf (NCS).

Wood Group Mustang Norway will provide this support for the Snorre A&B, Grane and Visund facilities over the term of the six year contract, with the option of a further four-year extension. The agreement is expected to create approximately 250 jobs.

In addition, Wood Group Mustang Norway has been awarded a competition agreement, which will enable the company to tender for individual projects for Statoil operated onshore and offshore installations in Norway. This agreement covers a period of 10 years that starts in the first quarter of 2016.

“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,” said Otto Søberg, president of Wood Group Mustang Norway.

Wood Group Mustang Norway has been active on the NCS for more than 20 years. The company has been working closely with Statoil on their Statoil Technical Efficiency Program (STEP). These awards follow the results achieved by Wood Group Mustang Norway on ongoing modification projects for Statoil such as Gullfaks Rimfaksdalen and Kollsnes.

Read more

Statoil inks US$2.7 billion of contracts



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