|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|British Petroleum||LSE:BP.||London||Ordinary Share||GB0007980591||$0.25|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Oil & Gas Producers||148,202.6||-1,858.5||0.5||923.8||87,989.46|
Wood Group Gets 2 Mad Dog Phase 2 Contracts Worth $85 Million
Dow Jones News
LONDON--John Wood Group PLC (WG.LN) said Tuesday it has been awarded two separate contracts related to BP PLC's (BP.LN) Mad Dog 2 project worth around $85 million, providing engineering services to further develop deep-water production.
The international energy services company, which Monday announced plans to buy rival AMEC Foster Wheeler PLC (AMFW.LN) for 2.23 billion pounds ($21.71 billion), 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 contract is worth $80 million, and follows the December 2016 completion of interim agreement period early work, which was valued at $4.5 million.
Additionally the company said its specialist technical solutions business was awarded a $4.89 million contract for subsea engineering and project management services to the Mad Dog 2 project.
-Write to Ian Walker at [email protected]; @IanWalk40289749
(END) Dow Jones Newswires
March 14, 2017 03:31 ET (07:31 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.
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