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Wood Group PSN Gets 2-Year Contract Extension From Shell UK - Quick Facts

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10/29/2013 3:45 AM ET

Wood Group PSN or WGPSN (WDGJF.PK,WG.L) has been granted a two-year contract extension by Shell UK to deliver integrated services to two gas plants in Scotland; the St. Fergus Gas Terminal and Fife Natural Gas Liquids Plant, which includes the Braefoot Bay Marine Terminal. Effective April 2014, the award marks the continuation of a previous contract awarded in 2007.

Under this contract, WGPSN employs nearly 500 people and provides project management, engineering, construction, commissioning, maintenance support and supply chain management services. Since the acquisition of Pyeroy Group Ltd. in July 2013, WGPSN would also be providing fabric maintenance services to the Shell plants, according to the new contract.

This award is the eighth North Sea contract extension chalked up by WGPSN in the previous 12 months, following awards from CNR, TOTAL E&P UK, Teekey, Ithaca Energy, Nexen, ConocoPhillips and Dana. In the UK, Wood Group now employs over 12,000 people working onshore and offshore.

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by RTT Staff Writer

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