Wood Group Wins New Global Subsea Contract With Bp

Wood  Group has secured a new multi-million dollar contract to provide engineering  services to BP's existing subsea infrastructure in the Gulf of Mexico, UK and  Norwegian continental shelves and offshore Azerbaijan.

Wood  Group Kenny (WGK) will deliver programme, project and integrity management and operational  support for subsea projects under the five year contract, which is effective  immediately.

The  contract will be delivered from WGK&'s offices in Aberdeen, London, Norway,  Houston and Baku and adds to WGK's work with BP globally.  WGK continues to perform work under a contract  held since March 2007 to provide engineering and project management services to  BP's portfolio of future subsea projects.

Bob  MacDonald, CEO of Wood Group Kenny said: “This significant contract  demonstrates our unique independent model and our ability to deliver a complete  portfolio of subsea services across global projects.

 “Wood  Group has over 40 years of experience working with BP. We look forward to continuing  our close partnership with this long-term client on this project, which will  see us provide operational support for many of the assets we helped to design.  Our key focus will be on effective and efficient delivery in this challenging  climate." This  is the second major contract secured with BP this year. In February, Massy Wood  Group, a company jointly owned by Wood Group PSN (WGPSN) and the energy division  of Massy Holdings Limited commenced a five year contract, with a potential  value of up to $250 million, to provide services to BP's 13 upstream offshore  facilities, and 2 onshore assets in Trinidad & Tobago.

Source: Wood Group
Date: Oct 29, 2015