Wood awarded two offshore energy contract extensions in Brazil

Wood has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor.

In July, Wood and Trident Energy signed an agreement to perform production and deck operation services onboard platforms P08, P65, PCE1 and PPM1. This contract is a one-year extension of the existing agreement that began in 2020, and the continuation of a long-term relationship between both companies. In support of Trident’s mature field development, Wood has also been awarded Engineering and Modification projects for the same assets.

The Equinor contract is the fourth one-year extension awarded to the team, with the contract initially secured in 2015 as a four-year commitment with options to extend. Wood’s team, now consisting of approximately 640 people mobilized on a large maintenance and technical upgrade campaign, will continue to provide maintenance solutions to optimise the Peregrino assets. This contract extension builds on a long-term and global relationship with Equinor across its operations in the United Kingdom, Norway, and Brazil.

Hugues Corrignan, Wood’s Country Manager for Brazil, said: “We are committed to continuously improving the performance of our clients’ assets and proud to contribute to their long-term successful operations in Brazil.

“These contracts reinforce the trust our clients have in Wood’s capabilities to deliver maintenance, engineering and modification projects throughout the life of their assets. With 20 years of experience in the region, our team in Brazil has unparalleled expertise in mature field development and a proven history of working together with asset operators to secure energy safely and responsibly.”