Wood Group renews agreement with Dana Petroleum

Wood Group PSN (WGPSN) has retained its contract with Dana Petroleum for integrated support services (ISC) in the North Sea for a period of two years with the option of a one-year extension. The contract is estimated to be worth up to $60m (£40m) per year.Under the agreement, WGPSN will continue to provide operations, maintenance, engineering and construction services to Dana Petroleum. Dave Stewart, UK managing director for WGPSN, said: "We have provided support to the Triton FPSO vessel for more than 14 years and are delighted to continue this contract with the new operator. Dana Petroleum is a dynamic new operator and securing this piece of work positions us well to support Dana Petroleum as it continues to grow its business in the UK."Richard Lyon, UK operations manager for Dana Petroleum added: "Dana has a determined growth strategy and Wood Group PSN has shown a commitment to helping us achieve this. This contract further enhances our long-term commitment to the UKCS."In the UK, Wood Group now employs more than 11,000 people. NR