Wood strengthens foothold in Norway’s onshore energy sector
Wood has secured a new $42 million contract from international energy company Equinor on behalf of operator Gassco to provide EPCI services at the Kollsnes gas processing plant in Norway.
The contract will see Wood strengthen its onshore execution capabilities in Norway with the delivery of the Kollsnes MEG Upgrade project, which includes an extension of the fourth MEG train at the plant, following the successful execution of the associated FEED study in 2019.
Effective immediately, the scope will be delivered by Wood’s engineering team in Norway, while leveraging the strength of the company’s process system expertise across its global organisation. Subcontractor Kvaerner will deliver the construction scope at the Stord Yard.
This award strengthens Wood’s position as a leading contractor in the development and upgrades of critical onshore energy infrastructure, building upon recently awarded modification scopes for Equinor at the Mongstad refinery.
Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia and Australia, commented: “We are delighted to be able to continue our long-term, global relationship with Equinor with the addition of this EPCI contract.
“This award supports our strategic focus on strengthening our position in the onshore energy market in Norway and enables us to draw on our rich heritage and experience that exists across our global organisation.”
Lars Fredrik Bakke, Wood’s Senior Vice President in Norway, added: “Delivering the MEG upgrade at the Kollsnes process plant allows us to leverage our market-leading expertise in downstream processing to support Equinor’s technical operations of this critical piece of onshore energy infrastructure, through which 40% of all Norwegian gas export flows.
“Our breadth of experience in the Norwegian energy sector and our close client partnership positions us for continued growth in the downstream sector, both with Equinor and across the broader Norwegian market.”
The Kollsnes MEG Upgrade project is scheduled for completion in 2023. The Kollsnes gas plant is located in Øygarden, west of Bergen, and processes the gas from the Troll, Kvitebjørn, Visund and Fram fields. Gassco operates the Kollsnes facility and Equinor is the technical services provider.