Premier Oil has awarded a contract to Wood Group PSN for the delivery of integrated operations and maintenance support services to the Balmoral floating production vessel (FPV).
The contract, estimated to be worth around £250 million, will see Wood Group PSN provide managed onshore and offshore operations and maintenance services, including the management of selected procurement and logistics support.
The semi-submersible production vessel is situated 122 miles north-east of Aberdeen in Scotland, and services six fields: Balmoral, Stirling, Beauly, Brenda, Nicol and Burghley.
The contract has a life-of-field work scope, currently estimated to run until 2020. Effective from 1 May 2012, it allows Wood Group PSN to secure employment for over 70 offshore staff and create up to 15 full-time onshore positions.
Commenting, UK managing director for Wood Group PSN Robin Watson said: "This contract is a significant win for Wood Group PSN's UK business. We will be focusing our energy on working in close partnership with Premier Oil to deliver safe operations that add value to the company's North Sea business and support future growth.
"Wood Group PSN previously worked with Premier Oil to successfully commission and decommission the Sevan Voyageur, a floating production storage and offloading system (FPSO) in the Shelley field, central North Sea. This new contract award is an especially important milestone that allows us to nurture our relationship with a key client."
Across the UK, Wood Group PSN has a workforce of almost 8,000 personnel with approximately 3,000 onshore and 5,000 offshore workers. Worldwide, the company employs over 25,000 people in more than 35 countries.
