Wood Group in double Mad Dog 2 award
- Business & Finance
Wood Group has won two separate contracts related to BP’s Mad Dog 2 project in the U. S. Gulf of Mexico providing engineering services to further develop deepwater production.
BP, as the operator, sanctioned the project in December last year. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Oil production is expected to begin in late 2021.
Soon after the project was sanctioned, the South Korean shipbuilder Samsung Heavy Industries secured a contract to build a semi-submersible production unit for the project.
Wood Group informed on Tuesday it has been contracted by Samsung Heavy Industries to provide detailed engineering and procurement services for the topsides for BP’s Mad Dog Phase 2 floating production unit. The $80 million contract follows the December 2016 completion of Interim Agreement Period (IAP) early work, which was valued at $4.5 million.
Additionally, as part of the recently signed global services agreement with BP, Wood Group’s Specialist Technical Solutions (STS) business was awarded a $4.89 million contract for Subsea Engineering and Project Management Services to the Mad Dog 2 project. That work includes gas lift system interface design, geospatial information system support, subsea controls engineering and geotechnical engineering support.
Mad Dog 2 is the second platform designed by Wood Group for BP in the Gulf of Mexico Mad Dog field.
Robin Watson, Wood Group’s chief executive, said: “Wood Group’s strong relationships with BP and Samsung and proven performance in deepwater projects are the foundations of our partnership in continuing deepwater work in the Gulf of Mexico.
“These contracts demonstrate the confidence our key clients have in our teams to meet their specific cost-saving needs while delivering innovative and impartial engineering solutions on time.”