Wood Group Wins Major BP Contract

Wood Group Engineering (North Sea) Ltd, part of John Wood Group PLC, has been reappointed as one of BP's two main engineering, modifications and maintenance (EMM) providers to its assets in the North Sea arena. The Wood Group contract is worth up to £135million over three years and involves the provision of EMM services to half of BP's UK North Sea assets located East and West of Shetland, Central North Sea and the Sullom Voe Terminal. This follows BP's announcement of intent in June 2004 which now has partner approval.

Initially awarded for three years, the contract has three two-year extension options. It will secure employment for around 500 Wood Group employees.

Les Thomas, Group Director responsible for Production Facilities said, 'Wood Group is delighted to have won this significant contract in the North Sea. BP's decision to reappoint the Group is a testament to our safety record, our technical ability and our cost management skills. We have been a contractor to BP for many years, and look forward to maintaining and strengthening our alignment with BP's business objectives.'

The new award follows Wood Group Engineering (North Sea)'s successful performance on a previous BP contract to provide these services for Schiehallion, Magnus, Andrew, ETAP, Everest and Lomond. The contract has been extended to include Sullom Voe and, in due course, the Bruce platform.

Commenting on the news Business Unit Leader Dave Blackwood said, 'These awards are worth between $100-$160m a year and clearly reflect BP's ongoing commitment to its activities here in the North Sea.'