HPR ROV Logo
HPR ROV Logo

Wood wins Martin Linge work

Aberdeen-headquartered Wood has been awarded a contract from Equinor for work at its under-development Martin Linge field off Norway.

The energy services firm will carry out brownfield modification work at the site under an existing framework agreed in 2016.

The value of the deal has not been disclosed.

Wood is the main contractor for maintenance, repair and modifications at Martin Linge, which was installed in July last year.

The field is scheduled to come on stream in 2020 and will flow gas via a new pipeline to the St Fergus terminal in Aberdeenshire.

Wood will manage the project via its base in Stavanger, which it said will further strengthen its foothold in the Norwegian market.

Martin Linge has estimated recoverable resources of more than 300million barrels of oil equivalent.

The field was due to start up earlier this year however it has been pushed back to Q1 2020 with costs escalating by nearly 60% from what was thought in 2012 to £4.2bn, which Equinor said was due to a reassessment of the remaining work.

Equinor, then Statoil, became operator in 2017 after buying Total’s stake.

Lars Fredrik Bakke, Wood’s senior vice president in Norway, said: “We look forward to working on the Martin Linge development – one of the most advanced installations on the Norwegian Continental Shelf (NCS) which will be powered and operated remotely from an onshore control centre.

“Our continued success in delivering milestone projects on the NCS highlights Wood’s decades of experience working offshore on a range of facilities and our ability to draw upon our global pool of technical experts in engineering and modifications.”

Equinor owns a 70% stake in Martin Linge, with the remainder held by Petoro.

 

Source link

Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
envelope-ophonemap-ocrossmenuchevron-down
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram