WG. Wood Group (john) Plc

 
TIDMWG. 
 
Wood Group wins multiyear contract on Hibernia in Canada 
 
 
HOUSTON, October 24, 2016 - Wood Group has secured a five-year contract to 
provide engineering, procurement, construction and maintenance services to the 
Hibernia platform, offshore Newfoundland, from Hibernia Management and 
Development Company Ltd. (HMDC).  The contract will be executed by Wood Group's 
Eastern Canada operations, in St. John's, Newfoundland & Labrador, and has the 
potential of two additional five-year contract extensions. 
 
Michele McNichol, CEO for Wood Group's Asset Life Cycle Solutions business in 
the Western Hemisphere, said: "Since first oil in 1997, Wood Group has been the 
incumbent contractor for many of these services on the Hibernia platform. The 
first producing field of Canada's East Coast, it has been a cornerstone of our 
business in the region. 
 
"This new contract demonstrates the confidence this key client has in our 
team.  Wood Group has provided a high level of service, retained specific 
knowledge to the platform, and executed work safely with local talent - even in 
the harshest of environments." 
 
Wood Group is one of the largest brownfield engineering and construction 
offices in Atlantic Canada with more than 500 people working onshore and 
offshore. Currently, Wood Group executes EPC contracts on two of the three 
production platforms located offshore Newfoundland. 
 
                                    -ends- 
 
 
Note to Editors: 
 
 
Wood Group is an international energy services company with around $6bn sales 
and operating in more than 50 countries. The Group is built on Core Values and 
provides a range of engineering, production support and maintenance management 
services to the energy and industrial sectors worldwide. Visit Wood Group at 
www.woodgroup.com and connect with us on LinkedIn and Twitter. 
 
Hibernia Management and Development Company Ltd. (HMDC) is the operator of the 
Hibernia field, which began petroleum production offshore Newfoundland and 
Labrador in November 1997. HMDC is owned jointly by ExxonMobil Canada 
(33.125%), Chevron Canada Resources (26.875%), Suncor Energy (20%), Canada 
Hibernia Holding Corporation (8.5%), Murphy Oil (6.5%) and Statoil Canada Ltd. 
(5%). Find out more about HMDC at www.hibernia.ca. 
 
 
 
For further information contact: 
Wood Group Press Office 
Tel: +1 832 350 5384 
+44 (0) 1224 532569 
email: press.office@woodgroup.com 
 
 
 
END 
 

(END) Dow Jones Newswires

October 24, 2016 02:00 ET (06:00 GMT)

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