UK’s Wood signs a deal to become the operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, taking over from Apache's interests in North Sea.
The contract follows Ancala Midstream's acquisition of Apache North Sea's interest in the assets.
Wood will manage the day-to-day operation of the SAGE system, which transports gas through the 323 km 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."
Wood is also operating partner for the Central Area Transmission System (also known as CATS) under an up to 10 year, US$250 million contract, awarded in 2015 by CATS Management Limited; a wholly owned subsidiary of Antin Infrastructure Partners.