Wood Group (John) PLC Wood partners with Spirit Energy (9283L)
19 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMWG.
RNS Number : 9283L
Wood Group (John) PLC
19 January 2021
19 January 2021
Wood partners with Spirit Energy on late life solutions for
Morecambe Bay gas fields
Wood, the global consulting and engineering company, has entered
into a new agreement with Spirit Energy to partner on the delivery
of late life solutions for the Morecambe Bay gas fields, one of the
UK's largest gas accumulations.
The five-year consolidated services contract, valued at $130
million, will see Wood leverage its experience and capability in
late life asset optimisation and management to extend field life,
lower costs, and reduce late life carbon intensity across the Hub's
offshore assets in the East Irish Sea and the Barrow onshore gas
terminal on the northwest coast of England.
Craig Shanaghey, Wood's President of Operations for Europe,
Middle East and Africa, said: "I am delighted to be able to
announce our new partnership with Spirit Energy which will see Wood
apply our decades of experience in intelligent operations,
maintenance and integrity solutions to deliver a sustainable next
chapter for the field.
"Our shared ambition is to leverage the greatest value from the
Morecambe Hub in its late life phase, by focusing on driving down
operational costs and creating opportunities to extend field
life."
John Cowie, Morecambe Hub Asset Director at Spirit Energy, said:
"The Morecambe Hub has produced gas for the UK for more than 30
years, and remains a key asset in our portfolio as we continue to
maximise economic recovery from the area.
"There is still more we can do to extend Morecambe's field life
while reducing its emissions and contribute to the UK's Net Zero
targets, and we look forward to working with Wood on both of these
goals."
The contract will employ approximately 130 people across the
offshore assets and onshore terminal and a small support team in
Aberdeen.
-ends-
Notes to Editors:
Image (c) Spirit Energy: The Central Morecambe Platform
Wood is a global leader in engineering and consultancy across
energy and the built environment, helping to unlock solutions to
some of the world's most critical challenges. We provide
consulting, projects and operations solutions in more than 60
countries, employing around 45,000 people. www.woodplc.com
For further information contact: press.office@woodplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRSFUFWIEFSEDF
(END) Dow Jones Newswires
January 19, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Wood Group (john) (LSE:WG.)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Wood Group (john) (LSE:WG.)
Storico
Da Apr 2023 a Apr 2024