Hibernia Management and Development Company Ltd. (HMDC) has awarded Wood Group a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform offshore Newfoundland.

The contract will be executed by Wood Group’s Eastern Canada operations in St. John’s Newfoundland & Labrador and has the potential of two additional five-year contract extensions, Wood Group said in a news release.

Shareholders of HMDC include ExxonMobil Canada, Chevron Canada Resources, Suncor, Canada Hibernia Holding Corp., Murphy Oil and Statoil Canada Ltd.