Wood will build upon its long-standing partnership with Hibernia Management and Development Company Ltd. (HMDC) following the renewal of a major contract to provide engineering, procurement, and construction (EPC) solutions and maintenance to the Hibernia platform off the coast of St. John’s, Newfoundland and Labrador.
With the five-year extension agreement, Wood will continue to employ up to 300 people on the contract, which it has been supporting as the incumbent contractor for these services since first oil in 1997.
“This renewal demonstrates the strength of our relationship with HDMC and ongoing support of the Hibernia offshore platform developed over the last two decades” said Paul Leonard, President of Wood’s operations business in the Americas. “We are proud of the work delivered to-date by our local teams, who will continue to contribute to the project’s successful operations.
“This contract highlights Wood’s proven performance and deep domain expertise in the offshore oil and gas market in Eastern Canada, drawing on our extensive global track record in the efficient maintenance of offshore installations and in safeguarding energy security.”