7th Oct 2015 06:41
LONDON (Alliance News) - John Wood Group PLC Wednesday said it has secured a "multi-million dollar" contract from US-based firm Betchel to provide services in Kazakhstan for a project owned by a joint venture between Chevron and Exxon.
Under the deal, the company's US subsidiary, John Wood Mustang, will provide an automation service consisting of detailed engineering, control hardware and remote instrument enclosures for a crude storage capacity project at the Tengiz field in Kazakhstan.
The field is owned by Tengizchevroil, a joint venture between Chevron Corp, Exxon Mobil Corp and two other companies, which develop, produce and sell oil from the field. Betchel is one of the largest engineering, construction, and project management companies in the US, who has awarded the contract to John Wood.
The aim of the contract is to increase capacity of the tank farm to accommodate the upgrading of the existing tank farm, said John Wood.
"We are combining the expertise and capabilities of our Automation and Controls personnel in the UK, US and Argentina to design and deliver a cost-effective solution that meets Tengizchevroil's needs," said Michele McNichol, chief executive of Wood Group Mustang.
By Joshua Warner; [email protected]; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Wood Group (J)