WOOD Workforce expects to create 250 jobs after profitable a bumper contract to offer upkeep products and services for Statoil within the Norwegian North Sea however the have an effect on on its Scottish operations seems more likely to be restricted.
The Aberdeen-based oil products and services large has signed a $400m (£266m) settlement to offer products and services on 4 platforms off Norway in what it described as a leap forward deal.
The contract win supplies a spice up for Wooden Team because the company grapples with the fallout from the crude worth plunge, which has brought on oil and fuel companies to slash spending on tasks and non-essential upkeep.
Ultimate week it emerged that Wooden Workforce has shed round 1,000 jobs in the United Kingdom North Sea since June, along with the 1,000 UK jobs it reduce within the first part.
In an replace on buying and selling Wooden Workforce indicated additional jobs losses may well be in prospect within the North Sea. It stated strikes by way of oil and fuel companies to scale back prices, as an example through converting offshore shift patterns, have been impacting call for.
The replace used to be the ultimate the corporate will give beneath leader government Bob Keiller, who will retire from the crowd on 31 December. He’s going to be succeeded through Robin Watson, a former head of the Wooden Workforce PSN upkeep arm.
In October, Statoil behind schedule the beginning of manufacturing from the enormous Mariner oil box East of Shetland from 2017 to the second one part of 2018 because it appeared to scale back the multi-billion pound value of the undertaking.
Towards that backdrop, Statoil’s settlement with Wooden Workforce supplies a notable vote of self assurance within the company at the a part of some of the global’s largest oil and fuel firms, with probably long-lasting results.
Wooden Workforce’s Mustang arm will supply upkeep and changes products and services for the Snorre A&B, Grane and Visund amenities for an preliminary six time period, with the choice of an additional four-year extension.
The corporate has been awarded an additional settlement which can permit it to bid for paintings on different installations for 10 years from the primary quarter of 2016.
Wooden stated the paintings at the 4 platforms will probably be delivered in Norway with enhance from around the workforce as required, together with Scotland.
The corporate stated it has no present plans to recruit other folks to paintings in or from Scotland to carrier the settlement.
Otto Søberg, president of Wooden Team Mustang Norway, stated: “The paintings secured will name for a substantial build-up of the workplaces in Bergen and Stavanger and we will be able to go through a recruitment Marketing campaign to beef up our key skill and convey the most productive experience to the tasks.”
One at a time, Wooden Team introduced it had finished the purchase of the Texas-based Infinity Team, in a deal that may scale back its dependence on oil and fuel manufacturing paintings.
Previous this month Wooden stated it had agreed to pay as much as $192m for Infinity, which helps companies in markets comparable to refining.
Supply : HeraldScotland