REG-Wood Group (John)PLC: Wood commences new North Sea operating partner contract <Origin Href="QuoteRef">WG.L</Origin>

John WoodAnnouncement

20/11/2017 07:05

20 November 2017

Wood commences new operating partner contract for SAGE system and Beryl
pipeline

Wood has commenced a multi-million dollar, evergreen contract to act as
operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl
pipeline, on behalf of Ancala Midstream Acquisitions Limited (Ancala
Midstream).

Wood will manage the day-to-day operation of the SAGE system, which transports
gas through the 323 kilometre SAGE pipeline between the northern part of the
Central North Sea to the SAGE terminal at St Fergus, north of Aberdeen, where
it is processed on behalf of North Sea gas producers.

The contract follows Ancala Midstream’s acquisition of Apache North Sea’s
interest in the assets.

Robin Watson, Wood’s chief executive said: “We are delighted to be working
with Ancala Midstream on these major pieces of infrastructure. This contract
strengthens our operating partner portfolio in the UKCS and our commitment is
to leverage our broad capabilities, differentiated expertise and innovative
solutions to deliver safely and efficiently.

“We have established a close partnership with Ancala Midstream, using our
four decades of North Sea experience to support the smooth and successful
transition of asset ownership and operatorship, and we welcome the St
Fergus-based team to Wood today.”

Wood is also operating partner for the Central Area Transmission System (also
known as CATS) under an up to 10 year, $250m contract, awarded in 2015 by CATS
Management Limited; a wholly owned subsidiary of Antin Infrastructure
Partners.

-ends-

Note to Editors:

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, power &
process, environment and infrastructure, clean energy, mining, nuclear and
general industrial sectors. We strive to be the best technical services
company to work with, work for and invest in. http://www.woodplc.com/

For further information contact:  press.office@woodplc.com

 



Copyright (c) 2017 PR Newswire Association,LLC. All Rights Reserved