Project focus for Wood Group PSN

July 3rd, 2012

Wood Group PSN (WGPSN) is creating 150 new jobs in Aberdeen as it outlines plans to introduce a dedicated project delivery arm to its business. The move is designed to enhance the company’s ability to secure and deliver large-scale North Sea projects.

The oil and gas project market worldwide is valued at near £100 billion per annum and WGPSN estimates around 30% of this to be opportunities in the brownfield projects sector, with a value of £30 billion annually.

Andy Mackay, projects business manager at WGPSN explained:

We have had great success winning and retaining engineering and construction, operations and maintenance and integrated service contracts, establishing a reputation for our capability in these areas. Our ambition now is to further develop WGPSN’s project delivery CV and provide our customers with dedicated project capability, either within or independent of existing contract frameworks.

“We see many of our current and potential customers making significant capital investments in their installations to maximise production volumes.  Such projects include subsea tie-backs, the addition of new modules and in some cases new bridge linked platforms to extend the life of existing infrastructure.  While we are undertaking studies and some project work in all these areas, we are further developing our capability to offer comprehensive support to all phases of a project from study to hook-up and commissioning.”

WGPSN is currently recruiting skilled project management and project services personnel, and those with experience in engineering, construction and commissioning on major capital projects. The majority of the jobs will be for positions in Aberdeen with opportunities extending to the company’s offices in Glasgow, Runcorn and Hull.

We are identifying and pursuing project delivery opportunities with both existing UK customers and potential new customers.  Our investment and commitment is designed to demonstrate to our customers that we have the competence to successfully deliver larger integrated projects, mobilise a separate project resource without jeopardising modification programmes and, if necessary, execute the project at a different location under a different management structure,” explained Andy Mackay.

WGPSN has employed over 1000 new employees year to date in the UK. This brings the company’s UK-based onshore and offshore workforce to over 8300.

WGPSN has experience in project execution but is looking to increase its focus on project delivery. Current projects being executed from Aberdeen include the BP Andrew area development project and the Ashtart PF2 revamping project for Serept in Tunisia.

Wood Group is an international energy services company with $6bn sales, employing more than 41,000 people worldwide and operating in 50 countries. The Group has three businesses – Engineering, Wood Group PSN and GTS providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.  www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 25,000 people in more than 35 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com

Andy Mackay (pictured) is heading up WGPSN’s project delivery organisation. Based in Aberdeen he has over 35 years project experience in the oil & gas industry.

For further information contact:

Kerry Sedge, PR Manager, Wood Group PSN

Tel: +61 4 175 78000, email: kerry.sedge@woodgroup.com

Carolyn Smith, Director, Corporate Communications – Eastern Hemisphere, Wood Group

Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com

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