Aberdeen-based 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.
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”.
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.”