Wood starts new Beryl pipeline partnership

GAS: Scottish firm will manage the 323km pipeline in North Sea

Wood announced yesterday that it has started a new contract to operate the day-to-day running of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline.

Wood will carry out the“multi-million dollar” contract on behalf of Ancala Midstream Acquisitions Ltd (Ancala Midstream) who acquired Apache North Sea’s interest in the assets.

The SAGE system transports gas through the 323km SAGE pipeline between the northern part of the Central North Sea to the SAGE terminal at St Fergus, north of Aberdeen, where it is processed on behalf of North Sea gas producers.

Robin Watson, Wood’s chief executive, said: “We are delighted to be working with Ancala Midstream on these major pieces of infrastructure.

“This contract strengthens our operating partner portfolio in the UKCS and our commitment is to leverage our broad capabilities, differentiated expertise and innovative solutions to deliver safely and efficiently.

“We have established a close partnership with Ancala Midstream, using our four decades of North Sea experience to support the smooth and successful transition of asset ownership and operatorship, and we welcome the St Fergus-based team to Wood today.”

Wood is also operating partner for the Central Area Transmission System under an up to 10-year, $250m contract, awarded in 2015 by CATS Management Limited, a wholly owned subsidiary of Antin Infrastructure Partners.

Meanwhile, Wood has outlined plans to raise chief executive Robin Watson’s salary by 25% to £750,000 though one major shareholder reportedly claims it will be rejected.