Energy services giant Wood Group announced Tuesday that one of its three businesses, Wood Group PSN (WGPSN), has been awarded its first major deal in the UK this year. The five-year contract extension from Talisman Sinopec Energy UK is valued at $500m and includes an option for two additional two-year extensions.Under the agreement, WGPSN will provide engineering & modifications services to Talisman Sinopec Energy UK's 11 offshore assets in the UK North Sea, and onshore at the Flotta oil terminal on Orkney.The award has enabled WGPSN to retain approximately 550 jobs onshore and offshore in the UK.Dave Stewart, UK managing director of WGPSN said: "We have worked with this key client for 10 years and this award is testament to the relationship we have developed. "Our Talisman Sinopec Energy UK project now employs 1,300 personnel onshore and offshore making it one of the largest projects in our global portfolio. Securing this contract is a great way to kick off 2014."The contract is one of two major agreements WGPSN has with Talisman Sinopec Energy UK. The other is for the provision of operations and maintenance services to the same 12 assets.NR