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Sevan is Lucky for Wood

Posted on May 26, 2006

Wood Group Engineering and Production Facilities has been contracted by Sevan Marine to provide operations and maintenance support, for its new SSP300 FPSO in the Chestnut field, central North Sea - the first Sevan Stabilized Platform to be introduced into the North Sea. Venture Production plc, the Aberdeen-based UK independent oil and gas operator and majority owner of the Chestnut field, chose Sevan Marine to develop the oilfield using the SSP300 stabilized platform, because of its cylindrical mono-hull design and 30 000 BOPD process plant capacity making it ideal for operating in smaller oilfields, Wood said. Wood Group’s extendable contract with Sevan Marine is initially for two and a half years, with four six-month options, valued at approximately US$14.8 million annually. Wood will have responsibility for operations management, including onshore technical, logistical and supply chain support. First oil is expected in 2007.

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