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British oilfield services firm Wood Group has announced it has signed a new master services agreement and associated contracts valued at around $330 million (€305.5 million) for UK North Sea operations with Harbour Energy.
Wood will provide engineering, procurement and construction and operations and maintenance services, including digital and decarbonisation solutions, for a number of Harbour's offshore assets critical to UK energy security.
‘[The] signing of this contract is an important step forward in establishing our suite of long-term strategic partnerships across our North Sea assets,’ says Audrey Stewart, vice-president of supply chain, at Harbour Energy.
The partnership will run for an initial term of five years, with five one-year extension options covering Harbour's operated assets.
