Wood Group GTS awarded $150m contract
Wood Group GTS awarded $150m contract
to support PERU LNG
HOUSTON, February 16, 2010 - Wood Group GTS, part of John Wood Group PLC (`Wood
Group"), has been awarded a long-term service agreement by PERU LNG worth
US$150 million over an 18-year term. Wood Group GTS will provide a service and
maintenance program to maximize machine availability of the gas turbines,
compressors and generators for PERU LNG at their Pampa Melchorita site south of
Lima. The agreement covers two General Electric Frame 7 (7EA DLN-1) gas
turbine-driven compressor trains for the LNG process and three GE LM2500 + DLE
aero derivative gas turbine power generator sets.
Wood Group GTS will implement remote monitoring and diagnostics, supply of
spare parts, component repair, inventory management, field service and
maintenance management to maximize machine availability over the 18-year term.
Wood Group GTS worked with the PERU LNG team to develop a flexible and risk
sharing contract.
On winning the contract, Mark Papworth, Wood Group GTS' chief executive
commented, "Our team integrated its technical skills and commercial knowledge
to put forward a complete turnkey maintenance solution for the power generation
and compressor drive equipment at our client's new LNG facility. This contract
is an example of how Wood Group GTS can provide a broad, comprehensive solution
to our customer. By aligning our performance and compensation to the
operational objectives of PERU LNG, our focus will be on helping them extract
maximum value from their rotating equipment assets by keeping them available
and reliable, as well as driving down the overall cost of maintenance."
Wood Group Production Services has supported PERU LNG with the supply of
specialized and technical personnel to CompañÃa Operadora de LNG del Perù
(COLP), the operating company of PERU LNG, since 2007. COLP has been
responsible for constructing the LNG plant and gas supply pipeline and will be
responsible for the plant and pipeline operation and support services.
-ends-
Note to Editors:
Wood Group (John Wood Group PLC) is an international energy services company
with approximately $5.0bn sales, employing approximately 28,000 people
worldwide and operating in 50 countries. The Group has three businesses -
Engineering & Production Facilities, Well Support, and Gas Turbine Services -
providing a range of engineering, production support, maintenance management
and industrial gas turbine overhaul and repair services to the oil & gas, and
power generation industries worldwide. www.woodgroup.com
Wood Group GTS is a leading independent provider of services and solutions for
clients in the power, oil & gas and renewable energy markets. Worldwide, these
services include; power plant engineering, procurement and construction
management, facility operations & maintenance, repair & overhaul of gas, wind
and steam turbines, pumps, compressors and other high-speed rotating equipment.
Wood Group Production Services is a leader in providing performance-based
operations and maintenance (O&M) services on a total management or integrated
basis. Scalable, integrated O&M solutions realizing the need for service
compatibility throughout the life of an asset are designed to suit individual
client requirements.
PERU LNG shareholders are Hunt Oil Company of the United States, SK Corporation
of Korea, Repsol YPF of Spain & Marubeni of Japan. PERU LNG is set to be one of
the most important resources of the Peruvian government's future energy
strategy. The project, which was launched in January 2007, is one of the
largest industrial projects ever undertaken in Peru. The facilities include an
LNG Plant, marine export facilities and a 408km natural gas supply pipeline.
For further information contact:
Bobbie Ireland, Corporate Communications - Americas, Wood Group
Tel: +1 281 828 3505, Cell: +1 713 515 3571,
email:bobbie.ireland@woodgroup.com
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