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Name | Symbol | Market | Type |
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Wood Group John PLC (PK) | USOTC:WDGJY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.695 | 14.46% | 5.50 | 4.44 | 5.60 | 5.50 | 5.50 | 5.50 | 100 | 21:26:49 |
14 April 2015 Wood Group secures EnQuest contract Wood Group PSN has been awarded a new five year contract from EnQuest to provide engineering, design, construction, procurement and commissioning services to the Thistle, Heather and Northern Producer offshore assets in the North Sea. The terms of the contract reflect EnQuest's ongoing focus on reducing costs and improving the efficiency of its North Sea offshore operations. Effective immediately, the contract includes extension options for up to a further five years. Dave Stewart, chief executive officer (CEO) of WGPSN said: "The collaborative approach we are taking with EnQuest and our ability to deliver cost efficiencies together in the provision of services to the Thistle, Heather and Northern Producer assets has secured us this contract, which extends an agreement in place since 2009. "The strong partnership and understanding we have built with this key client positions us well to support them in optimising safety and productivity across these assets at this challenging time for the sector." The contract adds to Wood Group's scope of work with EnQuest in the North Sea; Wood Group Industrial Services (WGIS) holds a contract to deliver topsides integrity work on the Thistle platform. -ENDS- Note to Editors: Wood Group is an international energy services company with over $7bn sales and operating in more than 50 countries. The Group is built on Core Values and has three businesses - Wood Group PSN, Wood Group Kenny and Wood Group Mustang - providing a range of engineering, production support and maintenance management services to the oil & gas, and power generation industries worldwide. Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Operating in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com For further information contact: Wood Group press office Tel: +44 (0) 1224 532569, email: press.office@woodgoup.com
Copyright l 13 PR Newswire
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