Wood has secured an extension with international energy company, Equinor, to deliver maintenance solutions across the Peregrino wellhead platforms (WHP) and floating production storage and offloading (FPSO) unit, located off the coast of Rio de Janeiro, Brazil.

This is the third one-year extension awarded to the team, with the contract initially secured in 2015 as a four-year commitment with four additional one-year options to extend.

Wood’s core team, consisting of approximately 140 people, will continue to provide maintenance solutions to optimise the assets. As Wood executes Equinor’s upcoming major Technical Condition Upgrade Project (TCUP) on the Peregrino assets, an additional 500 people will be mobilised to the team.

Paul Leonard, Wood’s President for Operations in the Americas said: “This latest endorsement is testament to the strong relationship we have built with Equinor, having worked with the client since 2009. This contract extension solidifies our position in the region, demonstrating Wood’s proven capabilities in delivering energy solutions to Brazil.

“We are well positioned to extend our work with Equinor in the years to come as they continue to invest heavily in Brazil, with new developments. We are also committed to align with them in their pursuit of alternative energy sources, such as solar and wind, as we navigate the energy transition towards net-zero carbon emissions together.”

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

About Wood

Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors.