Wood Group clinches Brazil contract

Brazil

RIO DE JANEIRO, January 7, 2016 – Wood Group has won a contract for a platform from Brazilian oil and gas company PetroRio, the international energy services provider announced Thursday.

Under the terms of the two-year contract, Wood Group will provide operation and maintenance services for PetroRio’s Polvo A platform, which is located 100 kilometres off the coast of Rio de Janeiro.

Wood Group recently completed a previous contract for the Polvo field early last year for integrity management support.

Located in the Campos Basin, the Polvo field spans 134 square kilometres and has a fixed production and drilling platform connected to a floating production, storage and offloading vessel.

PetroRio has a 60-percent stake in the field but gained approval in December 2015 from Brazil’s national oil regulator to acquire the remaining interest.

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