Wood Group Bags $240 Mln in African Contracts

Wood Group Bags $240 Mln in African Contracts

Wood Group has secured 11 new contracts in Africa totaling approximately $240 million. The contracts were awarded over the last 12 months to Wood Group PSN, Wood Group GTS and Wood Group Mustang for projects in five African nations.

Wood Group PSN, which provides brownfield production services, won contracts to provide operations & maintenance and construction services to clients in Equatorial Guinea, Chad and Algeria.

Wood Group GTS, specialists in rotating equipment solutions, has secured a long-term service agreement covering two GE Frame 9E gas turbines for an operator in Ghana.

Wood Group Mustang, the process & facilities group of Wood Group Engineering, is providing detailed engineering for wellhead platforms, a production processing platform and a living quarters platform for an offshore project in Angola.

James Crawford, Wood Group PSN’s managing director for Africa, said: “We are committed to building a sustainable business in Africa and are very clear about the countries and projects which we target, knowing where and how our expertise can enhance our customer’s operations. Creating opportunities for local training and employment, Wood Group employs over 3000 people in 11 countries across Africa. It is a key operating region, and these wins feed our ongoing growth strategy for the continent.”

Michele McNichol, Wood Group Mustang executive vice president, stated: “Our commitment to building relationships and bringing economic value to African countries continues with recent project activity in the region. We are expanding our history of successful project delivery to support the development of energy resources in this key oil & gas region and in providing career opportunities for local personnel.”

Press Release, March 20, 2013