Share Name Share Symbol Market Type Share ISIN Share Description
Wood Group (john) Plc LSE:WG. London Ordinary Share GB00B5N0P849 ORD 4 2/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +6.20p +1.78% 354.10p 356.20p 357.00p 359.70p 340.80p 347.10p 2,213,914 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 7,852.9 42.0 -1.0 - 2,425

John Wood Wins Two Contracts With Equinor

24/06/2019 9:58am

Dow Jones News


Wood Group (john) (LSE:WG.)
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By Oliver Griffin

 

John Wood Group PLC (WG.LN) said Monday that it has secured two new contracts from Equinor ASA (EQNR.OS) for onshore and offshore facilities in Norway.

The oil services company said that for the first of the new contracts it will deliver front-end engineering design services for brownfield modifications to the Grane offshore facility. The scope of the work will include modifications for subsea infrastructure from the Grane Area Northern Development.

The second project is for front-end engineering design as part of the Kollsnes MEG upgrade project, the company said.

John Wood Group didn't disclose the value of the new contracts. The contract for the Grane Area Northern Development is to be completed by the end of 2019, while the Kollsnes process plant work will be completed in mid-winter 2020.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

June 24, 2019 04:43 ET (08:43 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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