Wood Group secures new contract

Wood Group, the FTSE 100 energy services giant, was on Wednesday rising on reports it had secured a contract with CNOOC and Shell Petrochemicals Company (CSPC) in China.

Wood Group, the FTSE 100 energy services giant, was on Wednesday rising on reports it had secured a contract with CNOOC and Shell Petrochemicals Company (CSPC) in China.

The $1.6m contract is for new parts for a gas turbine in China, and builds on the group's exisiting relationship with CSPC.

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As reported at, Frank Avery, the President of Power Plant Services at Wood Group, said: "This order highlights the importance of providing our customers with a strong value proposition.

"The combination of high-quality parts and a commitment to service excellence delivers real benefits to our customers in terms of equipment reliability and lower cost of ownership."

CSPC's Mechanical Engineer, Bi Zhungu, was also quoted as saying: "We are one of China's largest petrochemical plants, so the performance and reliability of production equipment is essential to meet our commitment to customers. We value our relationship with Wood Group GTS. Their overall competitiveness and track record on previous contracts has ensured success with this latest tender process."




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