Wood secures extension with Equinor in Norway

Oilfield services provider Wood has been awarded an extension to its existing framework agreement with Equinor to support its offshore assets on the Norwegian Continental Shelf.

With the agreement extending through to 1Q 2023, Wood will work with Equinor to drive down costs, increase efficiency, and improve sustainability across the company’s Snorre A, Snorre B, Visund, Grane, and Martin Linge platforms, Wood said in a statement earlier this week.

Wood will tap into its global decarbonisation expertise to identify and implement solutions that will play a key role in optimising energy consumption and reducing carbon emissions across the assets, supporting Equinor on its journey towards a more sustainable, integrated energy future.

Craig Shanaghey, Wood’s President for Operations in Europe, Middle East and Africa, said: “We are delighted to continue to strengthen and grow our global relationship with Equinor, particularly as we work together to deliver safe and competitive solutions for offshore conventional assets while seeking opportunities to accelerate the journey to net-zero carbon emissions.

“Securing this extension is testament to the strong performance of the Wood teams and solidifies our position as a leading provider of integrated offshore solutions in the Norwegian Continental Shelf”.

The contract extension will be delivered by Wood’s existing teams in Norway, with the support of the company’s global expertise.

Wood is also supporting Equinor’s operations at the Mariner field in the UK Continental Shelf (UKCS) under a three-year contract awarded back in October 2020.

In recent news, Wood was last week awarded a five-year extension agreement to provide engineering, procurement, and construction (EPC) solutions and maintenance to the Hibernia platform off the coast of St. John’s, Newfoundland and Labrador.

Following the extension, 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.