Wood Group (J) Share News (WG.)

Wood Group has secured its sixth major North Sea contract extension this year. Its subsidiary Wood Group PSN (WGPSN) has won a three-year contract from Nexen Petroleum UK to deliver operations, maintenance and technical support services to the Scott and Buzzard platforms.The group will also provide services to Nexen's Golden Eagle area development which is expected to come on stream in 2015. It follows five other recent North Sea contract extensions from CNR, TOTAL E&P UK, Teekey, Ithaca Energy and ConocoPhillips.Nexen first awarded the oil and gas services provider a contract three years ago. Dave Stewart, UK Managing Firector of WGPSN said: "We work collaboratively with Nexen to ensure production efficiency, equipment reliability, cost control and outstanding safety performance on both the Scott and Buzzard platforms. "We are delighted to have secured an extension to this significant contract."RD