Engineering services company Wood has received a $130m contract from oil firm Spirit Energy to deliver late life solutions for its Morecambe Bay offshore gas fields in the UK.
The Morecambe Hub comprises three fields in the East Irish Sea including North Morecambe, South Morecambe, and Rhyl.
Go deeper with GlobalData
The fields are located approximately 25km south-west of Walney Island, across blocks 110/2a, 110/3a, 110/8a, and 113/27b.
Under the five-year services contract, Wood will be responsible for extending the field life while reducing costs and late life carbon intensity.
Work will be carried out across the offshore assets of Morecambe Hub in the East Irish Sea and the Barrow onshore gas terminal on the north-west English coast.
Spirit Energy Morecambe Hub asset director John Cowie said: “The Morecambe Hub has produced gas for the UK for more than 30 years, and remains a key asset in our portfolio as we continue to maximise economic recovery from the area.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“There is still more we can do to extend Morecambe’s field life while reducing its emissions and contribute to the UK’s Net Zero targets, and we look forward to working with Wood on both of these goals.”
For executing the contract, Wood will employ nearly 130 people across the offshore assets and onshore terminal. It will also have a small support team in Aberdeen.
Wood Europe, Middle East, and Africa president Craig Shanaghey said: “I am delighted to be able to announce our new partnership with Spirit Energy which will see Wood apply our decades of experience in intelligent operations, maintenance and integrity solutions to deliver a sustainable next chapter for the field.
“Our shared ambition is to leverage the greatest value from the Morecambe Hub in its late life phase, by focusing on driving down operational costs and creating opportunities to extend field life.”
Last year, Wood won a three-year contract to support Equinor’s operations at the Mariner field in the UK North Sea.
