Wood Group Secures Contract Extension from Shell

  • linkedin icon
  • twitter icon
  • facebook icon
  • youtube icon
  • instagram icon

Wood Group Secures Contract Extension from Shell

29 Oct 2013

October 29, 2013

WOOD GROUP PSN SECURES CONTRACT EXTENSION FOR SHELL GAS PLANTS

Wood Group PSN (WGPSN) has secured a two year contract extension from Shell UK to deliver integrated services to two
gas plants in Scotland; the St. Fergus Gas Terminal and Fife Natural Gas Liquids Plant (which includes the Braefoot Bay Marine Terminal).

Effective April 2014, the award marks the continuation of a previous contract awarded in 2007.

WGPSN employs around 500 people under this contract and provides project management, engineering, construction, commissioning, maintenance support and supply chain management services. Since the acquisition of Pyeroy Group Limited
("Pyeroy") in July 2013, WGPSN will also be providing fabric maintenance services to the Shell plants, as part of the new contract.

Dave Stewart, UK managing director of WGPSN said: "We have been working with Shell for more than two decades and we are delighted to secure this major piece of work. This is the first contract where we have built our new fabric maintenance capability into the work scope."

This award is the eighth North Sea contract extension chalked up by WGPSN in the previous 12 months, following awards from CNR, TOTAL E&P UK, Teekey, Ithaca Energy, Nexen, ConocoPhillips and Dana.

In the UK, Wood Group now employs more than 12,000 people working onshore and offshore.

- ENDS -

Notes to Editors:

Wood Group is an international energy services company with around $7bn sales, employing about 43,000 people worldwide and operating in 50 countries. The Group has three businesses - Wood Group Engineering, Wood Group PSN and Wood Group 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

For further information contact:

Carolyn Smith, Corporate Communications - Eastern Hemisphere
Tel: +44 (0) 1224 851099, email: Carolyn.smith@woodgroup.com

For investor and analyst enquiries:

Andrew Rose, Head of Investor Relations, Wood Group
Tel: +44 (0) 1224 532716, email: andrew.rose@woodgroup.com