Wood Group PSN first with Hess in Gulf of Mexico Five-year operations & maintenance contract

HOUSTON, May 23, 2013 /PRNewswire/ -- Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract.

(Logo: http://photos.prnewswire.com/prnh/20130523/DA19376LOGO)

WGPSN will also provide these services to Hess for the Tubular Bells and Stampede deepwater facilities in the Mississippi Canyon and Green Canyon regions of the Gulf of Mexico when they come on stream in the future. The contract will lead to the creation of up to 100 new jobs in the region.

WGPSN will develop a computerized maintenance management system (CMMS) to track the maintenance and repair of rotating equipment and maintenance parts. They will also manage the inventory of engineering parts.

Derek Blackwood, WGPSN Americas president, said: "Hess is a valued customer to WGPSN. Since 1999, we have maintained contracts with Hess in the U.K. and in Equatorial Guinea, and we are pleased to have extended this relationship to the U.S. Gulf of Mexico. We will recruit new employees to service this contract and are committed to developing a skilled and talented local workforce."

WGPSN employs over 5,000 people in the US, working both offshore in the Gulf of Mexico and onshore servicing the conventional oil & gas sector and shale plays.

Notes to Editors:
Wood Group is an international energy services company with around $7bn sales, employing about 43,000 people worldwide and operating in 50 countries. The Group has three businesses—Wood Group Engineering, Wood Group PSN and Wood Group 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.

Baldpate is located in 1,650ft of water, in Garden Banks (GB) block 260, 120 miles off the Louisiana coast. Installed in 1998, it was the first freestanding offshore compliant tower and is one of the tallest freestanding structures in the world.

SOURCE Wood Group PSN



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