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Insider UK
Business
Perry Gourley

Wood seals brace of Norwegian oil and gas deals

Aberdeen-headquartered energy services firm Wood has won two new contracts from Norwegian oil giant Equinor to carry out work on onshore and offshore facilities in Norway.

The deals are the latest in a relationship between Wood and Equinor – formerly known as Statoil  - which stretches back more than two decades.

The first of the new contracts will see Wood deliver FEED (front-end engineering design) services for brownfield modifications to the Grane offshore facility in the Norwegian North Sea.

The contract includes an option for the engineering, procurement, construction and installation phase of the project.

The second contract is for work on the Kollsnes gas processing plant in Øygarden, west of Bergen.

Wood will perform the FEED for modifications to the plant in Øygarden which will be carried out by the company's local team in Norway, supported by engineers in the UK.

Dave Stewart, CEO of Wood's Asset Solutions business in Europe, Africa, Asia and Australia, said: "Wood has developed a successful long-term global relationship with Equinor, and these new contracts continue our work on installations in their portfolio.

"We are delighted to cooperate and partner with Equinor in the development of the GRAND project and upgrade of the Kollsnes gas process plant.

"Our breadth of experience in the Norwegian energy sector combined with our customer-specific knowledge and global engineering expertise, positions us for growth as we focus on broadening our service delivery onshore and offshore."

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