Talisman Energy awarded major contracts

18 November 2011: Wood Group PSN has secured £500 million North Sea contracts from Talisman Energy (UK) Limited with an option to extend for a further five years. The Talisman Energy (UK) Limited is a subsidiary of Talisman Energy Inc, to provide Operations and Maintenance Services on all 11 of Talisman's UK offshore assets and at the Flotta Oil Terminal on Orkney. The contract will be worth £90 million per annum and will begin 15th November 2011.

In addition, Talisman Energy (UK) has also extended Wood Group PSN's existing Engineering & Modifications Services contract, worth £50 million per annum, until the end of 2012. Wood Group has approximately 1,400 personnel working under the contracts with Talisman, with 1,100 based on Talisman offshore assets and onshore sites and 300 based onshore in Aberdeen and Glasgow. Across the UK, Wood Group PSN has a workforce of almost 7,000 personnel. With offices in Aberdeen, Glasgow, Runcorn and Hull the company has over 2,900 onshore and approximately 4,000 offshore personnel.

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