Wood secures extensions with three North Sea operators

UK consulting and engineering firm Wood has secured a trio of reimbursable contract extensions worth $118m for operations and maintenance solutions with Shell, Dana Petroleum, and CNOOC International.

The extension with Shell UK will see Wood continue support operations on the Shearwater, Gannet, Nelson, and Penguins assets, while the CNOOC extension will see the UK firm continue work on the Golden Eagle, Buzzard, and Scott assets. Wood will also continue to work on Dana Petroleum’s Triton and Western Isles FPSOs.

The engineering company was able to secure 100% of contract renewal and extension options across our UK North Sea portfolio in 2024. These extensions just build on that success.

According to Wood, the contracts will continue to be supported by around 500 employees in Aberdeen.

“Our long-standing clients continue to partner with us to enhance operations and improve production efficiency to ensure a reliable, safe, and sustainable energy supply,” said Steve Nicol, Wood’s president of operations.