WOOD GROUP (JOHN) PLC - Wood Group wins multiyear contract on Hibernia in Canada

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PR Newswire

London, October 21

Wood Group wins multiyear contract on Hibernia in Canada

HOUSTON, October 24, 2016 — Wood Group has secured a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform, offshore Newfoundland, from Hibernia Management and Development Company Ltd. (HMDC). The contract will be executed by Wood Group’s Eastern Canada operations, in St. John’s, Newfoundland & Labrador, and has the potential of two additional five-year contract extensions.

Michele McNichol, CEO for Wood Group’s Asset Life Cycle Solutions business in the Western Hemisphere, said: “Since first oil in 1997, Wood Group has been the incumbent contractor for many of these services on the Hibernia platform. The first producing field of Canada’s East Coast, it has been a cornerstone of our business in the region.

“This new contract demonstrates the confidence this key client has in our team. Wood Group has provided a high level of service, retained specific knowledge to the platform, and executed work safely with local talent – even in the harshest of environments.”

Wood Group is one of the largest brownfield engineering and construction offices in Atlantic Canada with more than 500 people working onshore and offshore. Currently, Wood Group executes EPC contracts on two of the three production platforms located offshore Newfoundland.

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Wood Group is an international energy services company with around $6bn sales and operating in more than 50 countries. The Group is built on Core Values and provides a range of engineering, production support and maintenance management services to the energy and industrial sectors worldwide. Visit Wood Group at www.woodgroup.com and connect with us on LinkedIn and Twitter.

Hibernia Management and Development Company Ltd. (HMDC) is the operator of the Hibernia field, which began petroleum production offshore Newfoundland and Labrador in November 1997. HMDC is owned jointly by ExxonMobil Canada (33.125%), Chevron Canada Resources (26.875%), Suncor Energy (20%), Canada Hibernia Holding Corporation (8.5%), Murphy Oil (6.5%) and Statoil Canada Ltd. (5%). Find out more about HMDC at www.hibernia.ca.

For further information contact:
Wood Group Press Office
Tel: +1 832 350 5384
+44 (0) 1224 532569
email: press.office@woodgroup.com

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