Wood Group has been awarded a new $31 million contract by Carbon Creek Energy on their coalbed methane asset in the Powder River basin in Wyoming. Wood Group PSN (WGPSN) will deliver operations management services to the field, which is the largest of its kind in the region, consists of approximately 7,000 drilled wells, 6,000 - 12,000 drillable locations and currently produces 385 million cubic feet of gas per day.
Effective immediately, the initial contract is for 12 months and will be reviewed annually. Up to 65 new positions have been created and over 40 jobs secured by the contract, which builds on WGPSN's 12 year history of supporting operators in the coalbed methane sector.
John Glithero, president - Americas, Wood Group PSN, said,'This new contract strongly positions Wood Group PSN as one of the foremost providers of support to coalbed methane assets in the Powder River basin. The management of services in unconventional oil and gas basins, including the coalbed methane market, presents a significant growth opportunity for us. We have the depth of experience and proven capabilities to deliver the broad portfolio of services required to meet the needs of operators working in this sector.
'We look forward to beginning this relationship with Carbon Creek and are committed to working in collaboration with them to deliver the highest standards of safety and efficiency across their operations.'
Tom Fitzsimmons, president Carbon Creek said,'I am very confident that Wood Group's team will bring its many years of experience in the coalbed methane sector to bear on our assets. The alignment of our underlying core values will help us take these assets to the next level of performance. We expect the communities we work and live in are better off with our joint presence.'