Wood Secures Three-Year Extension on Equinor’s UK Mariner Field Contract
Wood (LSE: WG) has secured a three-year extension to its operations, maintenance, modifications, and support services contract with Equinor for the Mariner field on the UK Continental Shelf.
The renewed agreement ensures Wood will continue supporting the Mariner A platform and Mariner B floating storage unit through projects, upgrades, and maintenance, with an option for a further one-year extension.
Context
The deal will sustain more than 110 roles both in Aberdeen and offshore on the Mariner assets, reinforcing the city’s position as a hub for the UK’s offshore workforce. Since first oil in 2019, Mariner has been one of Equinor’s flagship UK projects, designed with a focus on long-term energy production. Equinor has invested billions into the development, which contains estimated recoverable reserves of more than 250 million barrels of oil and continues to be a cornerstone of UK North Sea output
The extension also reflects a wider industry trend of operators maintaining strong partnerships with established service providers to maximize uptime and operational efficiency. For Wood, the renewal consolidates its standing as a key contractor in the UKCS at a time when North Sea operators are balancing the need for energy security with commitments to lower-carbon operations. The company’s role on Mariner will also dovetail with its support for Equinor in other regions, including Norway and Brazil, as well as in offshore wind projects in the UK.
Steve Nicol, Executive President of Operations at Wood, emphasized that the extension demonstrates Equinor’s ongoing confidence in Wood’s delivery capability. With the UK government pushing for increased domestic production amid volatile global markets, ensuring reliable output from strategic assets like Mariner is seen as vital to maintaining supply security while managing the energy transition.
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