Wood Group PSN has been awarded a new five year contract from EnQuest to provide engineering, design, construction, procurement and commissioning services to the Thistle, Heather and Northern Producer offshore assets in the North Sea. The terms of the contract reflect EnQuest’s ongoing focus on reducing costs and improving the efficiency of its North Sea offshore operations. Effective immediately, the contract includes extension options for up to a further five years.

Dave Stewart, chief executive officer (CEO) of WGPSN said: “The collaborative approach we are taking with EnQuest and our ability to deliver cost efficiencies together in the provision of services to the Thistle, Heather and Northern Producer assets has secured us this contract, which extends an agreement in place since 2009.

”The strong partnership and understanding we have built with this key client positions us well to support them in optimising safety and productivity across these assets at this challenging time for the sector.”

The contract adds to Wood Group’s scope of work with EnQuest in the North Sea; Wood Group Industrial Services (WGIS) holds a contract to deliver topsides integrity work on the Thistle platform.

About Wood Group

Wood Group is an international energy services company with over $7bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses – Wood Group PSN, Wood Group Kenny and Wood Group Mustang – providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide.

About EnQuest

EnQuest is the largest UK independent producer in the UK North Sea. EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. It is a constituent of the FTSE All share index. Its operated assets include the Thistle, Deveron, Heather, Broom, West Don, Don Southwest, Conrie, Ythan, Kittiwake, Mallard, Gadwall, Goosander and Grouse producing fields and the Alma/Galia and Kraken developments; EnQuest also has an interest in the non-operated Alba producing oil field. At the end of H1 2014, EnQuest had interests in 35 production licences covering 48 blocks or part blocks in the UKCS, of which 29 licences are operated by EnQuest.

EnQuest believes that the UKCS represents a significant hydrocarbon basin in a low risk region, which continues to benefit from an extensive installed infrastructure base and skilled labour. EnQuest believes that its assets offer material organic growth opportunities, driven by exploitation of current infrastructure on the UKCS and the development of low risk near field opportunities.

EnQuest also has interests in Malaysia (including PM8/Seligi and Tanjong Baram) as part of its strategy to expand geographically to a small number of other maturing regions that complement our operations and utilise our skills in the UK North Sea.