Wood, Harbour Energy form $330 million partnership to develop offshore UK assets

(WO) – Wood and Harbour Energy have entered into a new strategic partnership for UK North Sea operations, agreeing a new master services agreement (MSA) and associated contracts valued at around $330 million.

Under this new agreement, Wood will provide engineering, procurement and construction (EPC) and operations and maintenance (O&M) services, including digital and decarbonization solutions, for a number of Harbour’s offshore assets critical to UK energy security.

The strategic partnership will run for an initial term of five years, with five one-year extension options covering Harbour’s operated assets, including its J-Area, Greater Britannia Area, Solan and AELE (Armada, Everest, Lomond and Erskine) hubs.

Steve Nicol, Wood’s Executive President of Operations, said, “We are incredibly proud to have been selected and trusted by Harbour Energy to partner with them across their North Sea assets. We share a commitment to ensuring safe, reliable and sustainable energy production and are confident our integrated digital solutions and world-leading engineering, operations and decarbonization expertise will enable Harbour to maximize their investment and ensure the UK continues to have the energy mix it needs. “

This partnership will support the employment of hundreds of people from Wood’s Operations business in Aberdeen and offshore across the two EPC and O&M contracts, with further recruitment expected in 2024.

“We have worked on North Sea assets for more than 50 years and excel in designing and managing the complexity of energy infrastructure, while at the same time seeking to minimize associated emissions” Nicol added.