Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets.

Effective immediately, the company will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities.

In addition, Wood Group will provide a feasibility study for Statoil’s Tampen oil pipeline, covering subsea pipelines and risers and topside modifications.

The two contracts are awarded under an evergreen master services agreement secured with Statoil in May 2016, to support the life cycles of their offshore and onshore facilities. They will be delivered by Wood Group’s offices in Norway.

Robin Watson, Wood Group’s chief executive, said: “The award of these two new contracts demonstrates the strong relationship we have developed with Statoil, which spans more than two decades and stretches across their global portfolio of assets.

“We will utilise our broad depth of capabilities, Norwegian North Sea experience and robust technical expertise in concept and feasibility studies to support their successful delivery.

“It’s notable our support on the Tampen Oil pipeline project is leveraging our topside and subsea competence and knowledge, demonstrating Statoil’s clear confidence in our ability to harness our solutions across a diverse project scope. Our focus will be delivering safe, efficient and innovative services that support and enhance these facilities.”

About Wood Group

Wood Group is an international energy services company with around US$5bn sales and operating in more than 40 countries. The Group designs, modifies, constructs and operates industrial facilities mainly for the oil & gas sector, right across the asset life cycle. We enhance this with a wide range of specialist technical solutions including our world leading subsea, automation and integrity solutions. Our real differentiator is our range of services, the quality of our delivery, the passion of our people, our culture and values. We are extending the scale and scope of our core services into adjacent industries.

About Statoil

Statoil ASA (OSE: STL, NYSE: STO) is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Stavanger, Norway, with approximately 23,000 employees worldwide, and are listed on the Oslo and New York stock exchanges.