9th Jul 2013 07:00
WOOD GROUP (JOHN) PLC - Wood Group Gulf of Mexico contracts valued at $550MWOOD GROUP (JOHN) PLC - Wood Group Gulf of Mexico contracts valued at $550M
PR Newswire
London, July 8
Wood Group Gulf of Mexico contracts valued at $550 million Supporting nearly 1 million BOPD additional capacity HOUSTON, July 9, 2013--Wood Group's business in the Gulf of Mexico is robust,with annualized revenue in the region totaling more than $550 million. Activityis being driven by three of Wood Group's business units - Wood Group Mustang,Wood Group Kenny and Wood Group PSN - with more than 3,500 personnel providingengineering, operations & maintenance services across the region. Wood Group Mustang is a market leader in the design of topsides for floatingfacilities and has designed more than half of the 42 floating facilitiescurrently installed in the deepwater US Gulf of Mexico. Currently, thegreenfield process & facilities engineering business is providing engineeringservices for the topsides of 10 Gulf of Mexico facilities, with the combinedpotential to add almost one million barrels of oil per day (BOPD) to the worldenergy supply. The engineering services being provided range from: * pre-front-end engineering design (pre-FEED) to detailed design for six greenfield projects, including two in Mexico's Bay of Campeche; * follow-on services for five platforms; and * full main automation contractor (MAC) services for two platforms. Meanwhile, Wood Group Kenny, specialists in subsea and pipeline engineering, isproviding engineering services for nine customers for 12 deepwater Gulf ofMexico projects in water depths from 2,700 feet to 7,000 feet (820 - 2,130meters). Wood Group Kenny's engineering services include FEED and detailed design ofsubsea developments, design of a deepwater export pipeline, subsea operationssupport and integrity management services. Wood Group Mustang's and Wood Group Kenny's deepwater expertise often leads tothe two businesses providing complementary services on the same project. Bothare currently providing technical services on six deepwater Gulf of Mexicofacilities, including for Chevron's Jack & St. Malo field, the firstultra-deepwater development in the Lower Tertiary Trend. Adding to Wood Group's Gulf of Mexico activities, Wood Group PSN, thebrownfield production services business, was recently awarded a five-yearcontract by Hess to support the Baldpate, Tubular Bells and Stampede platforms.Services to be provided include operations & maintenance and the development ofa computerized maintenance management system. Across the Gulf of Mexico Wood Group PSN: * is supporting almost 70 operators on around 1,400 manned and unmanned platforms; * has more than 2,900 personnel; and * is providing operations & maintenance, measurement and mechanical services, commissioning, training and development consulting, and specialty services such as medics and safety technicians. "Wood Group's business has grown significantly since our early days in the Gulfof Mexico market. Our success can be attributed to our people, therelationships they've built with our customers, and their focus on workingsafely and seeking to assure the safety of everything we design, construct,operate and maintain," explained Bob Keiller, CEO of Wood Group. "Our peoplework to understand our customers so we can anticipate their needs and aim toexceed their expectations. They are the heart of our business." -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. TheGroup has three businesses - Wood Group Engineering, Wood Group PSN and WoodGroup GTS - providing a range of engineering, production support, maintenancemanagement 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 over29,000 people in more than 40 countries, Wood Group PSN offers high integrity,brownfield services that support customers to optimise performance, maintainproduction, 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, refiningand chemicals, pipeline, automation and control, and industrial markets. It hasoffices in the United States, Latin America, Canada, United Kingdom, Malaysia,West Africa and the Middle East. For more information, visit www.mustangeng.com. Wood Group Kenny is the world's largest independent specialist subsea, pipelineand riser engineering and management contractor, employing approximately 2,500people worldwide. www.woodgroupkenny.com For further information contact Media enquiries:Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood GroupTel: +44 (0) 1224 851099, email: [email protected] Bobbie Ireland, Corporate Communications - Americas, Wood GroupTel: +1 (281) 828 3505, email: [email protected] Investor and analyst enquiries:Nick Gilman, Head of Investor Relations & Corporate Communications, Wood GroupTel: +44 (0) 1224 851404, email: [email protected] Andrew Rose, Investor Relations Manager, Wood GroupTel: +44 1224 532716, email: [email protected]
###
Related Shares:
Wood Group (J)