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.