Wood Group Wins North Sea Services Contract

April 2016, Vol. 243, No. 4

Wood Group has contracted with CATS Management Limited, a wholly owned subsidiary of Antin Infrastructure Partners, to provide operating services for the Central Area Transmission System (also known as CATS) in the North Sea. Wood Group PSN will have day-to-day responsibility for the terminal and pipeline for up to 10 years under the $250 million contract.

CATS transports gas through 404 km of pipeline from the Central North Sea to a terminal in Teesside in the UK where it is then processed on behalf of major North Sea gas producers. The system serves 34 producing fields with a high portion of contracted revenues. In 2014, CATS delivered almost 8 Bcm of gas to UK markets, representing 22% of UK gas production and 10% of demand.

Find articles with similar topics