Wood has secured an extension with international energy company, Equinor, to deliver maintenance solutions across the Peregrino wellhead platforms (WHP) and floating production storage and offloading (FPSO) unit, located off the coast of Rio de Janeiro, Brazil.
This is the third one-year extension awarded to the team, with the contract initially secured in 2015 as a four-year commitment with four additional one-year options to extend.
Wood’s core team, consisting of approximately 140 people, will continue to provide maintenance solutions to optimise the assets. As Wood executes Equinor’s upcoming major Technical Condition Upgrade Project (TCUP) on the Peregrino assets, an additional 500 people will be mobilised to the team.
Paul Leonard, Wood’s President for Operations in the Americas said:
“This latest endorsement is testament to the strong relationship we have built with Equinor, having worked with the client since 2009. This contract extension solidifies our position in the region, demonstrating Wood’s proven capabilities in delivering energy solutions to Brazil.
“We are well positioned to extend our work with Equinor in the years to come as they continue to invest heavily in Brazil, with new developments. We are also committed to align with them in their pursuit of alternative energy sources, such as solar and wind, as we navigate the energy transition towards net-zero carbon emissions together.”