Hydra Offshore signs MOU with International Energy Services Company

Hydra Offshore Limited (Hydra Offshore) has signed an MOU with a global leader in engineering solutions to explore opportunities to provide subsea engineering services to local operators. This significant event highlights Hydra Offshore’s commitment to the national agenda of maximizing local content.

Hydra Offshore is forming an agreement to partner with Wood Group Ghana Limited (Wood Group) to deliver subsea engineering projects for Ghana’s oil and gas industry.

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The MOU was announced at Enbalis – the centre responsible for establishing and running the Enterprise Development Centre, in Accra on December 9, 2013.

The collaboration will combine the strengths of Hydra Offshore’s subsea engineering capabilities with technical experience, capability, technology and technical assurance of Wood Group’s global oil and gas business.

Delali Otchi, Chief Executive Officer for Hydra Offshore said: “Hydra Offshore is committed to the national agenda of maximising local content and strives to achieve a very high degree of Ghanaian content practicable without compromising operational and technical integrity.

“Our partnership with Wood Group and other affiliates is designed to encourage the needed knowledge transfer required to promote local participation of Ghanaian companies in the oil and gas sector.”

Ian McKay, Wood Group’s country manager, said: “Wherever Wood Group works in the world, we endeavor to do our part to create jobs, develop local resources and stimulate the economic base. We continually expand the local content of our activities and operations in line with our Core Values and this partnership with Hydra Offshore will underpin this work.

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“This partnership reflects our commitment to growing our business in Ghana and it directly supports the aims of the Enterprise Development Centre, to assist Ghanaian small and medium enterprises in positioning themselves to take advantage of opportunities in the oil and gas sector. Providing a range of brownfield production, subsea support and greenfield engineering services, Wood Group operates in more than 21 countries in Africa, employing over 5,000 people.

Wood Group is a multinational oil and gas services company headquartered in Aberdeen, Scotland, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Wood Group is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry.

 

Source: Hydra Offshore Website


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