Wood Group retains North Sea contract

Wood Group has already provided support services to Dana Petroleum for 14 years

Engineering firm Wood Group PSN has retained a contract in the North Sea with Dana Petroleum, worth £40m a year.

The deal for integrated support services on the Triton FPSO is for two years.

Wood Group has chalked up seven contract extensions in the North Sea so far this year and says this latest contract demonstrates its strength in the area.

In the UK, the group employs more than 11,000 people onshore and offshore.

Dave Stewart, UK managing director for Wood Group PSN, said: "We have provided support to the Triton FPSO vessel for more than 14 years and are delighted to continue this contract with the new operator.

"Dana Petroleum is a dynamic new operator and securing this piece of work positions us well to support Dana Petroleum as it continues to grow its business in the UK."