Wood Group and HFG sign Memorandum of Understanding
Wood Group and Heerema Fabrication Group (HFG) have signed a Memorandum of Understanding (MoU). The companies will join efforts to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS).
Bringing together Wood Group’s engineering expertise and HFG’s specialist services in the engineering and construction of large and complex structures for the offshore oil & gas and energy-related industries, the MoU strategically supports client demand in the NCS for wellhead platforms that offer cost efficient solutions for field developments.
Dave Stewart, CEO for Wood Group’s Asset Life Cycle Solutions business in the Eastern Hemisphere said: “This MoU positions us to provide innovative services to clients, through integrating Wood Group’s strong global engineering expertise and in-depth knowledge of the Norwegian sector with HFG’s broad experience and know-how for construction and installation in the North Sea offshore industry. We look forward to breathing new efficiencies and technical innovations into the NCS through the success of our collaboration.”
Koos-Jan van Brouwershaven, CEO of Heerema Fabrication Group said: “We are delighted to combine our strengths for the Norwegian offshore market. Both our companies enjoy a solid reputation and long-term relationships with shared clients. The MoU underlines our continuing commitment to offer competitive turn-key solutions to our customers.”
Rosetti Marino S.p.A. and Heerema Fabrication Group (HFG) entered into a letter of intent on the 16th of November with the aim to sell to Rosetti Marino the HFG activities at the yard in Zwijndrecht, The Netherlands. Rosetti Marino and HFG have worked closely together and in good mutual cooperation to investigate the viability of this proposed sale.
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Following a strategic review Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market. HFG has been struggling for some time with insufficient project volume and marginal profitability. In addition, the risks associated with building topsides are high and clients are not prepared to pay for this risk.
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With the sail away on the 2nd November 2018 the jacket of the Offshore Switch Yard (OSY) platform for the Modular Offshore Grid (MOG) project is ready for installation. The jacket was built by Heerema Vlissingen, one of the production locations of Heerema Fabrication Group, for Belgium's transmission system operator Elia.
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