Wood Group extends contract with Total E&P UK
Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to Total's Alwyn, Dunbar, Elgin and Franklin offshore platforms and the St Fergus onshore gas plant.
Wood Group's PSN business has signed a 'significant' two-year North Sea contract extension with Total E&P UK, with is expected to be valued at around 150m dollars. Wood Group will continue to provide engineering, procurement, construction and commissioning services to Total's Alwyn, Dunbar, Elgin and Franklin offshore platforms and the St Fergus onshore gas plant.
The contract was first awarded 10 years ago.
David Stewart, UK managing director for Wood Group PSN, said: "This contract renewal is testament to the quality and standards of the services we provide.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"It's an important contract in our UK business and we are proud to continue to work with Total to deliver a range of technically challenging projects. The award recognises the ongoing improvements achieved and provides a platform to further enhance our reputation with a major international company."
In the UK, Wood Group PSN employs more than 8,000 people working onshore and offshore.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Best funds to add to your ISA or SIPP before the Budget
With Labour expected to increase taxes, ISAs and SIPPs could be a great way to protect yourself from any CGT hikes. We look at the best funds to buy now
By Katie Williams Published
-
Starling Bank slapped with £29 million fine over ‘shockingly lax’ financial crime controls
The Financial Conduct Authority has fined Starling Bank £29 million over failings related to financial crime and its financial sanctions screenings
By Kalpana Fitzpatrick Published