Wood continues growth in Norway with two new Equinor contracts

6/24/2019

BOSTON -- Wood has secured two new contracts from Equinor for onshore and offshore facilities in Norway. The contracts continue Wood's successful track record of delivering engineering and technical services to Equinor -- both in-country and globally -- for more than two decades.

In the first of the new contracts, Wood will deliver FEED (front-end engineering design) services for brownfield modifications to the Grane offshore facility. The scope of the FEED includes all topsides modifications required on the facility to prepare for the subsea tie-back from the GRAND (Grane Area Northern Development) project.

The contract was awarded following concept study work for the GRAND project and includes an option for the EPCI (engineering, procurement, construction & installation) phase.

The second new contract is for the Kollsnes MEG Upgrade (KMU) project where Equinor is Technical Service Provider on behalf of Gassco. Wood will perform the FEED for modifications to the Kollsnes gas processing plant in Øygarden, west of Bergen, and will be delivered by the company's local team in Norway, supported by systems engineers in the UK.

This new award at the Kollsnes gas plant increases Wood's onshore portfolio in Norway where the company is also designing the upgrade to naphtha hydrotreating and storage systems at Equinor's Mongstad refinery, as part of an existing maintenance, modification and operations framework agreement worth approximately $400 million.

Dave Stewart, CEO of Wood's Asset Solutions business in Europe, Africa, Asia and Australia, comments: "Wood has developed a successful long-term global relationship with Equinor, and these new contracts continue our work on installations in their portfolio.

"We are delighted to cooperate and partner with Equinor in the development of the GRAND project and upgrade of the Kollsnes gas process plant.

"Our breadth of experience in the Norwegian energy sector combined with our customer-specific knowledge and global engineering expertise, positions us for growth as we focus on broadening our service delivery onshore and offshore."

The FEED for GRAND is scheduled for completion by end of 2019 and the Kollnes process plant FEED will be completed in mid-winter 2020.

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