Energy services giant Wood Group yesterday said its contract with Abu Dhabi-based TAQA has been extended by two years.
The Aberdeen-headquartered company said it will keep providing engineering, construction and maintenance services in the North Sea to five offshore assets, namely Cormorant Alpha, North Cormorant, Eider, Tern and Harding.
The contract has further extension options, and James Crawford, managing director of the Scottish group in the UK and Africa said: “Our commitment is to work in collaboration with our client to prioritise safety and maximise efficiency and productivity.
“We will draw upon our robust knowledge of these assets, broad capabilities and relentless focus on providing excellence in our service provision, as we continue our long-standing partnership with this key client.”
The news comes after Wood Group, which operates in more than 50 countries, secured various contract wins, including last month bagging a new three-year deal covering a trio of Shell sites north of the Border and a five-year deal with Babcock International.
Meanwhile, the requirement for a “clear” government policy positioning enhanced oil recovery (EOR) in the North Sea “as part of a managed transition towards a low-carbon economy in the UK” has been flagged by a joint research project by Aberdeen’s Robert Gordon University (RGU) and Scottish Carbon Capture & Storage.
Those behind the project said using carbon dioxide captured from the power and industry sectors could increase oil production from mature oil fields and provide long-term storage of the gas to address climate change.
Leslie Mabon, from RGU’s School of Applied Social Studies, said: “There is an increasing awareness of the need to imagine a future for the North Sea that balances our oil and gas needs with our obligations to climate change mitigation.”