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WDGJY Wood Group John PLC (PK)

5.50
0.695 (14.46%)
09 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
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
  0.695 14.46% 5.50 4.44 5.60 5.50 5.50 5.50 100 21:26:49

WOOD GROUP (JOHN) PLC - Wood Group secures EnQuest contract

14/04/2015 7:00am

PR Newswire (US)


Wood Group John (PK) (USOTC:WDGJY)
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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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