Wood Group (John) PLC Wood wins $1bn nuclear engineering design contract (4160Y)

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RNS Number : 4160Y

Wood Group (John) PLC

09 May 2019

May 9, 2019

Wood wins $1 billion UK nuclear design and engineering contract

Wood has secured a new contract worth up to $1 billion to provide engineering design services to Sellafield Ltd over the next 20 years.

The company has been selected as Design and Engineering Partner at the UK's most complex nuclear site as part of the new Programme and Project Partners (PPP) procurement model.

Sellafield Ltd has described PPP as a 'game changer' for the supply chain, creating long-term relationships with selected partners, developing closer working practices, and delivering projects faster without compromising safety standards.

Wood will provide the front end design and engineering capability and services required to deliver a portfolio of major projects and site wide project delivery improvements. A key element of the Design and Engineering Partner's role will be working with the other lot partners for Integration, Civils Construction and Process Construction to optimise design, constructability, and overall project delivery.

Working with Sellafield Ltd as fifth partner, the PPP lot partners will deliver multiple capital projects with a combined value of up to $6 billion across the Sellafield site.

Bob MacDonald, CEO of Wood's Specialist Technical Solutions business, said: "This is a fantastic endorsement of Wood's ability to meet the most complex nuclear decommissioning challenges. We already have a deep, shared history with Sellafield and this new appointment provides a platform for us to assist with safe and secure operation and clean-up over the next two decades. This award reflects a highly collaborative approach that we adopt to achieve shared outcomes with customers and partners. We are looking forward to working with Sellafield and our partners to maximise socio-economic benefits for local communities."

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Note to Editors:

Wood is a global leader in the delivery of project, engineering and technical services in energy, industry, and the built environment. We operate in more than 60 countries, employing around 60,000 people, with revenues of around $11 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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May 09, 2019 02:01 ET (06:01 GMT)