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
  -3.95p -0.88% 446.30p 446.70p 446.90p 454.40p 444.95p 449.85p 23,457,686 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 148,202.6 -1,858.5 0.5 948.5 86,908.70

Wood Group Gets 2 Mad Dog Phase 2 Contracts Worth $85 Million

14/03/2017 7:46am

Dow Jones News

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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; @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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