BP has awarded an engineering, procurement and construction (EPC) services contract worth about $750m to energy services firm Wood Group.
Under the contract, Wood Group PSN (WGPSN) will provide EPC services to six UK Continental Shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth, UK.
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The contract, which will initially run for two years, includes an option for two, one-year extensions.
WGPSN currently provides EPC services for six BP offshore assets, including Clair, Magnus, ETAP, Andrew, Bruce and the new Glen Lyon floating production, storage and offloading vessel (FPSO).
The Glen Lyon FPSO, which is currently under construction, is expected to start operations in 2016.
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WGPSN UK managing director Dave Stewart said: "Wood Group has more than 40 years of experience working with BP globally and this new contract is testament to the partnership and understanding we have developed.
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By GlobalData"Providing this combined service across upstream and midstream operations for the first time positions us well for continued excellence in delivering safe, collaborative and innovative services, directed at maximising productivity and efficiency across BP’s assets in the UK."
WGPSN said the deal is its first for FPS onshore facilities and adds to its existing contract to support BP’s Sullom Voe terminal in the Shetland region.
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