Global consulting and engineering company Wood will build upon its 12-year relationship with TAQA following the award of a new contract to provide integrated facility services across the company’s North Sea assets.
With the award of a five-year integrated facilities services agreement, Wood will focus on supporting TAQA’s operations across the Cormorant Alpha, North Cormorant, Eider Alpha, Harding, Tern Alpha, Brae Alpha, and East Brae assets, the company said in a statement on Monday.
Craig Shanaghey , Wood’s President for Operations across Europe, Middle East, and Africa said: “We are delighted to be able to continue our long-standing relationship with TAQA following the award of this new contract.
“We are proud to have worked with TAQA since 2008 and see excellent opportunity, with the addition of the Brae Alpha and East Brae assets, to deliver a fully integrated facility services model”.
Wood’s previous contract extension with TAQA was awarded back in September 2019.
The extension was for the duration of 18 months, covering the Cormorant Alpha, Eider, Tern, North Cormorant, and subsequently Harding offshore assets.
TAQA has recently made plans to reduce its exposure to the hydrocarbons sector and for renewables to make up 30 per cent of its portfolio by 2030 as part of its energy transition push.
TAQA’s Strategic Plan 2020 envisions for the company to focus on commercially viable opportunities to reduce exposure to the hydrocarbon sector.
It is also worth mentioning that, back in March 2021, TAQA awarded Odfjell Drilling a five-year contract in the UK for the provision of platform drilling & maintenance services on its North Sea installations.