Wood and Harbour Energy agree new $330m strategic partnership

by with No Comment News

Wood and Harbour Energy (Harbour), the UK’s largest oil and gas producer, 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 $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.

“We have worked on North Sea assets for more than 50 years and excel in designing and managing the complexity of energy infrastructure while at the same time seeking to minimise associated emissions. This new agreement and new contracts are testament to Wood’s role as a trusted technical partner to the energy companies of the future, where our priority is to help our clients deliver the energy the world needs and be able to transition to a low carbon future.”

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.”

This partnership will support the employment of hundreds of people from Wood’s Operations business in Aberdeen and offshore across the two EPC and O&M contracts, with further recruitment expected in 2024.

Source: Wood

Wood has been awarded the new contract for Olefin complex in Europe

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Wood has secured a new contract with INEOS in excess of $100 million to deliver engineering, procurement, and construction management (EPCm) services for Project One, a new state-of-the-art petrochemicals complex in Antwerp, Belgium, which will deliver an ethane cracker with the lowest carbon footprint in Europe.

Effective immediately, the four-year contract will be delivered by Wood’s Projects business unit. The scope is focused on the outside battery limit facilities for the ethane cracker and follows the successful completion of front-end engineering design for the facility. Wood’s integrated project management team will also continue to oversee the project, working closely with the INEOS project team.

Giuseppe Zuccaro, President of Process & Chemicals at Wood, said: “The chemicals sector, like all industries, is forging its own path to carbon neutrality. What Project One represents is the next era of ethylene production, a key component in most plastics. Through the combination of technology and an innovative technical design approach, it will be the most sustainable and energy-efficient steam cracker in Europe.

“We are proud to have the opportunity to build on our strong relationship with INEOS by continuing to deliver on this major capital project, deploying the extensive petrochemicals expertise of our global engineering and project delivery teams.”

At its peak Wood is expected to employ around 300 people on the project across its execution centres in Reading and Milan, its global engineering centre in India, and at the site in Antwerp during construction.

Source: Wood