By OGJ editors
HOUSTON, Jan. 3 -- PanAmerican Energy LLC has let a 6-year contract to Wood Group ESP Argentina, a subsidiary of John Wood Group PLC, for the supply and installation of electric submersible pumping (ESP) systems in three oil fields in the San Jorge basin, just south of Buenos Aires.
The $120 million contract also commits Wood Group to supply field services, electrical maintenance services, equipment testing and repair, operational data collection, data base maintenance, and application engineering support for 500 existing units.
The contract supports PanAmerican's development of a waterflood project in its mature fields, which includes the Cerro Dragon field, Argentina's most productive oil field (OGJ Online, Aug. 17, 2005).
