Wood and Harbour Energy agree new US$330m strategic partnership
Published by Jack Roscoe,
Editorial Assistant
Oilfield Technology,
Wood and Harbour Energy, have entered into a new strategic partnership for UK North Sea operations agreeing a new master services agreement (MSA) and associated contracts valued at around US$330 million.
Under this new agreement, Wood will provide engineering, procurement and construction (EPC) and operations and maintenance (O&M) services, including digital and decarbonisation solutions, for a number of Harbour’s offshore assets critical to UK energy security.
The strategic partnership will run for an initial term of five years, with five one-year extension options covering Harbour’s operated assets, including its J-Area, Greater Britannia Area, Solan and AELE (Armada, Everest, Lomond and Erskine) hubs.
Steve Nicol, Wood’s Executive President of Operations, said: “We are incredibly proud to have been selected and trusted by Harbour Energy to partner with them across their North Sea assets. We share a commitment to ensuring safe, reliable and sustainable energy production and are confident our integrated digital solutions and world-leading engineering, operations and decarbonisation expertise will enable Harbour to maximise their investment and ensure the UK continues to have the energy mix it needs.
Audrey Stewart, Harbour Energy’s Vice President of Supply Chain, said: “Harbour is excited to develop our relationship with Wood and the signing of this contract is an important step forward in establishing our suite of long-term strategic partnerships across our North Sea assets.”
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/04092023/wood-and-harbour-energy-agree-new-us330m-strategic-partnership/
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