7th Jan 2016 10:08
LONDON (Alliance News) - Oil services company John Wood Group PLC on Thursday said it has secured a contract with PetroRio, a Brazilian oil and gas company, to provide services to the Polvo A platform in the southern Campos basin.
Wood Group PSN, John Wood's engineering and construction unit, will handle the two-year contract, work on which will start immediately.
"We look forward to beginning this new partnership with PetroRio, where our focus will be on working collaboratively to deliver safe, efficient and effective services," said Robin Watson, John Wood's chief executive.
John Wood shares were down 3.4% to 578.25 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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