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WOOD GROUP (JOHN) PLC - Wood Group wins multiple contracts in Africa

Wednesday, March 20, 2013 3:00 AM


20 March 2013
                 Wood Group wins multiple contracts in Africa

Wood Group has secured 11 new contracts in Africa totaling approximately $240 million. The contracts were awarded over the last 12 months to Wood Group PSN, Wood Group GTS and Wood Group Mustang for projects in five African nations.

Wood Group PSN, which provides brownfield production services, won contracts to provide operations & maintenance and construction services to clients in Equatorial Guinea, Chad and Algeria.

Wood Group GTS, specialists in rotating equipment solutions, has secured a long-term service agreement covering two GE Frame 9E gas turbines for an operator in Ghana.

Wood Group Mustang, the process & facilities group of Wood Group Engineering, is providing detailed engineering for wellhead platforms, a production processing platform and a living quarters platform for an offshore project in Angola.

James Crawford, Wood Group PSN's managing director for Africa, said: "We are committed to building a sustainable business in Africa and are very clear about the countries and projects which we target, knowing where and how our expertise can enhance our customer's operations. Creating opportunities for local training and employment, Wood Group employs over 3000 people in 11 countries across Africa. It is a key operating region, and these wins feed our ongoing growth strategy for the continent."

Michele McNichol, Wood Group Mustang executive vice president, stated: "Our commitment to building relationships and bringing economic value to African countries continues with recent project activity in the region. We are expanding our history of successful project delivery to support the development of energy resources in this key oil & gas region and in providing career opportunities for local personnel."

                                    -ends-

Notes to Editors:

Wood Group is an international energy services company with around $7bn sales, employing about 43,000 people worldwide and operating in 50 countries. The Group has three businesses - Wood Group Engineering, Wood Group PSN and Wood Group GTS - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide. www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 29,000 people in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com.

Wood Group Mustang is a global project management, engineering, procurement, and construction operations company serving the upstream oil and gas, refining and chemicals, pipeline, automation and control, and industrial markets. It has offices in the United States, Latin America, Canada, United Kingdom, India, Malaysia, West Africa and the Middle East. For more information, visit www.mustangeng.com.

Wood Group GTS is a leading independent provider of rotating equipment services and solutions for clients in the power and oil & gas markets. Worldwide, these services include: power plant engineering, procurement and construction; facility operations & maintenance; repair & overhaul, optimisation and upgrade of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment. www.woodgroupgts.com

For further information contact

Media enquiries:

Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com

Bobbie Ireland, Corporate Communications - Americas, Wood Group Tel: +1 (281) 828 3505, email: bobbie.ireland@woodgroup.com

Investor and analyst enquiries: Nick Gilman, Head of Investor Relations & Corporate Communications, Wood Group Tel: +44 (0) 1224 851404, email: nick.gilman@woodgroup.com

Andrew Rose, Investor Relations Manager, Wood Group Tel: +44 1224 532716, email: andrew.rose@woodgroup.com

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(Source: PR Newswire )
(Source: Quotemedia)

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