Wood Group signs $330m services deal with Harbour Energy

Engineering company Wood Group said it had struck a $330m services agreement with North Sea oil and gas producer Harbour Energy.

Under the deal, Wood will provide engineering, procurement and construction and operations and maintenance services, including digital and decarbonisation solutions, for a number of Harbour's offshore assets.

The partnership will run for an initial term of five years, with five one-year extension options covering Harbour's operated assets, including its J-Area, Greater Britannia Area, Solan and Armada, Everest, Lomond and Erskine hubs.

Reporting by Frank Prenesti for Sharecast.com