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July 13, 2016

Apache extends Wood Group’s contract in North Sea oil and gas fields

UK-based Wood Group's master service agreement (MSA) contract has been extended with Apache for its offshore oil and gas fields in the North Sea with immediate effect.

By Srivani Venna

UK-based Wood Group's master service agreement (MSA) contract has been extended with Apache for its offshore oil and gas fields in the North Sea with immediate effect.

Under the extension, Wood Group will continue to deliver subsea engineering and consultancy services to support Apache's routine operation and maintenance works.

The company will also continue to offer detailed engineering for future subsea developments across Apache's entire North Sea portfolio, the Forties and Beryl areas, Scottish Area Gas Evacuation (Sage) pipeline, as well as the onshore Sage facility at St Fergus.

The contract includes two one-year extension options has been held by Wood Group with Apache since 2012.

"The companies have not disclosed the value of the contract extension."

Apache’s key projects supported by the company in the North Sea are the Forties Subsea Isolation Valves (SSIV) project, the Aviat development and the Ness Nevis development.

Wood Group chief executive Robin Watson said: “The extension of this contract to provide our technical solutions support across Apache’s North Sea portfolio is testament to our strong, collaborative working relationship with Apache and their confidence in our high standard of service delivery.

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“We look forward to bringing Wood Group’s breadth of subsea consultancy and detailed engineering knowledge and expertise to support this key client in enhancing and optimising their current assets and effectively delivering future subsea developments in the North Sea.”

The companies have not disclosed the value of the contract extension.

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