Wood Group nets $500M contract with BP in Azerbaijan
- Business & Finance
Wood Group has won a new five-year contract with BP-operated projects, valued at $500 million, to deliver services to eight facilities, offshore Azerbaijan.
According to the company’s press release on Thursday, effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement and construction management services (EPCM) under the contract, which has the option of two, two year extensions.
Wood Group said that, creating approximately 200 new positions, WGPSN would support the following platforms: Chirag, Central Azeri – Production Drilling Quarters, Central Azeri – Compression and Water Processing, East Azeri Production Drilling Quarters, West Azeri- Production Drilling Quarters, Deep Water Gunashli – Drilling & Utility Quarters, Deep Water Gunashli – Pressure Compression and Water Utilities and Shah Deniz Stage 1.
Wood Group Kenny is already providing subsea engineering services to these eight platforms under a multi-million dollar contract announced in October 2015, which also includes support of BP’s existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves.
David Buchan, WGPSN’s eastern region managing director, said: “Wood Group has a 40 year history of working with BP across their global assets and this new contract award is reflective of the strong relationship we maintain with this key client, built on collaboration and continued excellence and assurance in our service delivery.
“We are committed to hiring and developing local personnel, building partnerships and supporting supply chain companies in the communities where we operate. This is reflected on this contract where more than 50 per cent of the workforce will be from the region with a focus on increasing local employment opportunities further, as the contract progresses.”