Wood Group secures major BP contract

11 December 2014 Wood Group secures major BP contract Wood Group has been awarded a five year contract with an estimated value of$750million from BP. Under the contract Wood Group PSN (WGPSN), will deliverengineering, procurement and construction services to six UK continental shelf(UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshoremidstream facilities in Grangemouth. Effective January 2015, the contract will create 150 new jobs and secure morethan 700 existing positions. This is WGPSN's largest contract award in 2014 andincludes an option for two, one-year extensions. WGPSN already provide engineering, procurement and construction services forsix BP offshore assets - Clair, Magnus, ETAP, Andrew, Bruce, and its new GlenLyon FPSO which is currently being constructed and is due to come online in2016. This is the first time WGPSN has secured a contract for the FPS onshorefacilities and adds to the company's current contract to support BP's SullomVoe Terminal in Shetland. Dave Stewart, UK managing director of WGPSN said: "Wood Group has more than 40years of experience working with BP globally and this new contract is testamentto the partnership and understanding we have developed. "Providing this combined service across upstream and midstream operations forthe first time positions us well for continued excellence in delivering safe,collaborative and innovative services directed at maximizing productivity andefficiency across BP's assets in the UK. In the UK, Wood Group now employs more than 10,000 people working onshore andoffshore. - Ends - Notes to Editors: Wood Group is an international energy services company with around $7bn sales,employing about 40,000 people worldwide and operating in more than 50countries. The Group is built on our Core Values and has three businesses -Wood Group PSN, Wood Group Kenny and Wood Group Mustang - providing a range ofengineering, production support and maintenance management 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 over30,000 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 For further information contact: Kelly Potts, External AffairsTel: +44 (0) 1224 532569, email: [email protected] Carolyn Smith, External AffairsTel: +44 (0) 1224 851099, email: [email protected]