Wood Group PSN awarded Caltex contract extension

WOOD GROUP (JOHN) PLC - Wood Group PSN awarded Caltex contract extension

PR Newswire

London, March 24

25 March, 2013

Wood Group PSN awarded Caltex contract extension

Wood Group PSN (WGPSN) has secured a contract extension from Caltex AustraliaLtd (Caltex) to deliver integrated maintenance services at its two Australianrefineries - Lytton in Brisbane and Kurnell in Sydney.

Effective from June 2013, the $45 million (AUD), 18 month contract marks thecontinuation of a three year contract first awarded to WGPSN in 2010.

Providing maintenance management, mechanical and support services to the Caltexrefineries, WGPSN employs more than 200 people at both sites.

Matt Gavin, WGPSN managing director for Australia & Asia Pacific said, "We havebeen able to deliver tangible maintenance performance improvements across bothrefineries since this contract was awarded and this extension is testament toCaltex's confidence in WGPSN. It also further cements our credentials as aleading industrial maintenance service provider in Australia.

"Our key successes on this contract include a marked reduction in the backlogof maintenance work, significant improvement in maintenance compliance, and apleasing increase in scheduled work delivery. This has translated to improvedreliability and performance at both sites and will hopefully help Caltexachieve its goal of becoming a top quartile performer for maintenance andreliability when compared to other refineries in the Asia Pacific region.

"Promoting a strong safety culture at both Lytton and Kurnell has also been apriority."

Gary Smith, general manager of refining and supply at Caltex, said, "Wood GroupPSN has worked closely with Caltex to help deliver measurable improvements inreliability and has been an important partner in driving improved safetyoutcomes at both locations".

Wood Group is an international energy services company with around $7bn sales,employing around 43,000 people worldwide and operating in 50 countries. TheGroup has three businesses - Engineering, Wood Group PSN and GTS providing arange of engineering, production support, maintenance management and industrialgas turbine overhaul and repair services to the oil & gas, and power generationindustries 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

Caltex AustraliaWith more than 3,500 employees across Australia, Caltex is the nation's leadingfuels marketer and is underpinned by a flexible and reliable supply chain. Theintegrated business incorporates supply, refining, logistics and marketing.With more than 27,000 shareholders, including institutions, retail investors,employees, and Chevron Global Energy Inc., Caltex is the only oil refining,fuel and convenience marketing company listed on the Australian SecuritiesExchange. Caltex's vision is to be the outright leader in transport fuelsacross Australia.

For further information contact:

Zara D'Cotta, Communications lead - Australia & Asia Pacific, Wood Group PSNTel: +61 4 02 280 064, email: [email protected]

Kerry Sedge, Global communications manager, Wood Group PSNTel: +61 4 175 78000, email: [email protected]

Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood GroupTel : +44 (0) 1224 851099, email: [email protected]