Wood Group JV Wins Wellhead Equipment Contract from PDVSA

Wood Group

Wood Group Amesa, S.A., a joint venture company owned by international energy services company John Wood Group PLC and a local Venezuelan partner, has been awarded a five-year contract valued at more than $200 million by PDVSA to provide wellhead equipment for use in Venezuela's onshore and offshore fields.

As part of the agreement, WG Amesa will manufacture and install low-pressure wellheads and Christmas trees used in three distinctly different production field applications, including natural flow, artificial lift and steam injection. In addition, WG Amesa will provide maintenance for the equipment and manage an inventory of small parts.

"Over the years we have developed an excellent working relationship with PDVSA as a supplier of surface wellhead equipment," said Scott Bender, president of Wood Group Pressure Control, the Houston-based company to which WG Amesa reports. "Our commitment to local manufacturing and assembling of equipment used in various production field applications and providing first-class service was instrumental in receiving this contract."

To support the new contract, WG Amesa will invest in new equipment for its Maracaibo facility and hire additional service technicians and engineers.