Wood Group PSN awarded £500 million Talisman c...
15 November 2011
Wood Group PSN awarded £500 million North Sea contracts with Talisman Energy
(UK) Limited
Wood Group PSN has been awarded a new five-year contract, with an option to
extend for a further five years, from Talisman Energy (UK) Limited, a
subsidiary of Talisman Energy Inc, to provide Operations and Maintenance
Services on all 11 of Talisman's UK offshore assets and at the Flotta Oil
Terminal on Orkney. The contract will be worth £90 million per annum and will
begin 15th November 2011.
In addition, Talisman Energy (UK) has also extended Wood Group PSN's existing
Engineering & Modifications Services contract, worth £50 million per annum,
until the end of 2012.
"We are delighted that Talisman has chosen to continue its long term
relationship with Wood Group PSN. This decision reflects the company's
successful delivery of Talisman's requirements over the last eight years," said
Bob Keiller, CEO of Wood Group PSN. "We will build on this success by
supporting Talisman in delivering its Operational Excellence strategy to assure
both our long term futures in the North Sea".
Wood Group has approximately 1,400 personnel working under the contracts with
Talisman, with 1,100 based on Talisman offshore assets and onshore sites and
300 based onshore in Aberdeen and Glasgow. Across the UK, Wood Group PSN has a
workforce of almost 7,000 personnel. With offices in Aberdeen, Glasgow, Runcorn
and Hull the company has over 2,900 onshore and approximately 4,000 offshore
personnel.
Geoff Holmes, Senior Vice President of Talisman Energy (UK) Limited said: "This
is a significant piece of the jigsaw in terms of delivering improved safety and
operational performance at our 12 Talisman UK sites.
Wood Group PSN's expertise is providing highly competent maintenance and
operations personnel and the award of a contract of this duration demonstrates
the confidence we have in Wood Group PSN's proven capabilities.
Coupled with our recent decision to transfer 170 offshore supervisors from Wood
Group PSN to Talisman, which significantly strengthens the site leadership
team, this contract will help deliver our long-term strategic goal of safe,
efficient production over the next ten years."
-ends-
Notes to editors:
Wood Group is an international energy services company with $5.5bn sales,
employing more than 36,000 people worldwide and operating in 50 countries. The
Group has three businesses - Engineering, Wood Group PSN and Wood Group GTS -
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 PSN is a global provider of pre-operations, hook up & commissioning,
operations & maintenance, engineering, construction, project management,
training and decommissioning services to the energy industry. Employing over
23,000 people in more than 35 countries, Wood Group PSN offers high integrity,
brownfield services that support customers to optimise performance, maintain
production, reduce operating costs and provide integrity assurance.
www.woodgroup-psn.com
Talisman Energy Inc. is a global, diversified, upstream oil and gas company,
headquartered in Canada. Talisman's three main operating areas are North
America, the North Sea and Southeast Asia. The company also has a portfolio of
international exploration opportunities. Talisman is committed to conducting
business safely, in a socially and environmentally responsible manner, and is
included in the Dow Jones Sustainability (North America) Index. Talisman is
listed on the Toronto and New York stock exchanges under the symbol TLM. Please
visit our website at www.talisman-energy.com.
Talisman Energy UK operates the Arbroath, Auk, Bleo Holm, Buchan, Claymore,
Clyde, Fulmar, Montrose, Piper B, Saltire and Tartan fields in the North Sea
and Flotta Oil Terminal.
For further information contact:
Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood
Group
Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com
Bobbie Ireland, Corporate Communications - Americas, Wood Group
Tel: +1 (281) 828 3505, email: bobbie.ireland@woodgroup.com
Photographs are available on request.
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