Wood Group (John) PLC Wood awarded a major EPC contract on US Gulf Coast (1721K)

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RNS Number : 1721K

Wood Group (John) PLC

12 December 2018

Wood providing EPC services to proposed world-class ethylene project

HOUSTON, December 12, 2018 - Wood has been awarded a major contract to deliver engineering, procurement and construction (EPC) services on a reimbursable basis for a world-class plastics manufacturing facility along the US Gulf Coast. The actual construction of the plant is contingent on receipt of environmental permits.

The five-year contract will see Wood deliver EPC services for key infrastructure to support the plastics facility, including a world-class ethane steam cracker unit, feeding a monoethylene glycol unit and two polyethylene units.

Andrew Stewart, CEO of Wood's Asset Solutions Americas business, said: "This is a strategic and significant contract to Wood. We have invested significantly in establishing best in class EPC services and in developing our chemicals expertise. This contract serves to underline the return on that investment. We understand the needs of our client on this mega project and are committed to delivering excellence."

The contract, which is already underway, is one of the largest contracts in Wood's Americas business, and will see around 1100 employees deployed during peak construction. Wood's project team has already achieved one million safe man hours on the project.

Pending receipt of environmental permits, anticipated work completion is scheduled for late 2021.

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Note to Editors:

Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 60,000 people, with revenues of over $10 billion. We provide performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors. www.woodplc.com

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December 12, 2018 02:00 ET (07:00 GMT)