Wood Group extends collaboration with Librestream Technologies on leading edge digital solutions for oil and gas

FOR: LIBRESTREAM TECHNOLOGIES INC.
AND Wood Group

Date issue: June 26, 2017
Time in: 10:00 AM e

Attention:

WINNIPEG, MB --(Marketwired - June 26, 2017) - Wood Group has signed an extension to its collaborative agreement with Canadian technology company Librestream Technologies (Librestream) to continue its exclusive industry partnership, providing advanced digitally-enabled solutions for oil and gas customers.

The agreement, initially signed in November 2015, has been extended for a further 12 months and combines Wood Group's industry domain knowledge with Librestream's real-time mobile video collaboration digital technology.

Under the agreement, Wood Group and Librestream have developed a growing suite of innovative solutions for delivery excellence from desktop to worksite.

One such solution is Wood Group's eXpert technology which has been successfully deployed on behalf of major operators on work sites in the UK, US, Canada and Middle East in the last 6 months. This technology connects specialists based onshore directly with the remote worksite, via real-time audio and visual display, to review issues and collaborate on a resolution.

The solution not only reduces time for problem solving and resulting implementation, but saves on costs associated with mobilisation and shutdown at offshore and remote locations.

Steve Wayman, executive president, strategy and development at Wood Group, comments: "We believe innovation is the gateway to increased performance, economic recovery and growth in the oil and gas industry.

"By investing in leading-edge digital solutions for the oil and gas market and leveraging our partner Librestream's technology portfolio, we are enhancing our service offering and delivering more efficient solutions to clients from desktop to worksite.

"Our eWorking programme is already proving that it enables a step change in our performance, enhancing expert communication with remote, hostile and often hazardous worksites."

Kerry Thacher, chief executive and founder of Librestream, which is headquartered in Winnipeg, Canada, said: "Empowering workers with digital tools designed for rapid response in rugged field environments is our key mission. Combining Wood Group's industry expertise with our technology delivers high productivity gains for remote workers. We are pleased that our expanded partnership with Wood Group will develop further digital capabilities that improve the worker's day."

About:

Wood Group is an international energy services company with around $5bn sales and operating in more than 40 countries. The Group designs, modifies, constructs and operates industrial facilities mainly for the oil & gas sector, right across the asset life-cycle. We enhance this with a wide range of specialist technical solutions including our world leading subsea, automation and integrity solutions. Our real differentiators are our range of services, the quality of our delivery, the passion of our people, our culture and values. We are extending the scale and scope of our core services into adjacent industries. Visit Wood Group at www.woodgroup.com and connect with us on LinkedIn and Twitter.

Librestream Technologies Inc. is the leader in developing innovative mobile video collaboration solutions for field service, manufacturing, energy and public sector industries. Deployed globally, the Onsight video collaboration platform brings the eyes and ears of experts into the field virtually to immediately resolve issues and assess environments. Visit Librestream at www.librestream.com and connect with us on LinkedIn, Facebook & Twitter.

Image Available: http://www.marketwire.com/library/MwGo/2017/6/23/11G141750/Images/Wood_Group_Librestream_image-8f5cf33991e3adc19bfb11b6b565f972.jpg

- END RELEASE - 26/06/2017

For further information:

Press Contact:

For further information contact:
Wood Group Press Office
Tel: +44 (0) 1224 532569
email: press.office@woodgroup.com

Marieke Wijtkamp
Vice President of Marketing & Client Services
Librestream Technologies Inc.
Tel: 204.487.0612 ext. 259
email: marieke.wijtkamp@librestream.com

COMPANY:
FOR: LIBRESTREAM TECHNOLOGIES INC.
AND Wood Group

INDUSTRY: Computers and Software - Hardware, Computers and Software - Software, Computers and Software - Security, Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas, Energy and Utilities - Pipelines, Energy and Utilities - Utilities, Telecom - Cable and Satellite Services, Telecom - Networking, Telecom - Wireless/Mobile

RELEASE ID: 20170626CC007

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