Aberdeen-based consulting and engineering company Wood has entered into a new agreement with Spirit Energy to partner on the delivery of late life solutions for the Morecambe Bay gas fields.
The five-year contract, valued at $130m, will see Wood leverage its experience in late life asset optimisation to extend field life, lower costs and reduce carbon intensity across the offshore assets in the East Irish Sea and the Barrow onshore gas terminal on the northwest coast of England.
Wood’s President of Operations for Europe, Middle East and Africa Craig Shanaghey said: “Our shared ambition is to leverage the greatest value from the Morecambe Hub in its late life phase, by focusing on driving down operational costs and creating opportunities to extend field life.”
John Cowie, Morecambe Hub asset director at Spirit Energy, said: “The Morecambe Hub has produced gas for the UK for more than 30 years, and remains a key asset in our portfolio as we continue to maximise economic recovery from the area.
“There is still more we can do to extend Morecambe’s field life while reducing its emissions and contribute to the UK’s net zero targets, and we look forward to working with Wood on both of these goals.”
The contract will employ approximately 130 people across the offshore assets and onshore terminal, with a small support team in Aberdeen.
