Wood Group lands $400m framework agreement with Statoil

Wood Group lands $400m framework agreement with Statoil

Wood Group has been awarded a main contractor framework agreement to deliver maintenance and modification services to four Statoil installations on the Norwegian continental shelf.

The agreement, worth around $400m, is for a period of six years with the option of a four-year extension. Wood Group Mustang Norway will provide the support required for the Snorre A&B, Grane and Visund facilities which is expected to create approximately 250 jobs.

Wood Group Mustang Norway has also been awarded a ten-year competition agreement which will enable the company to tender for individual projects for Statoil in Norway.

“This is a breakthrough for Wood Group on the Norwegian Continental Shelf and we look forward to building on our existing relationship with Statoil. 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.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts