Wood Group wins contract extension

FTSE 100 energy services giant Wood Group has announced that its PSN business (WGPSN) will continue to provide duty holder and asset management services to the Hummingbird Spirit floating storage offloading production (FPSO) vessel, under a new contract extension from Teekay.

FTSE 100 energy services giant Wood Group has announced that its PSN business (WGPSN) will continue to provide duty holder and asset management services to the Hummingbird Spirit floating storage offloading production (FPSO) vessel, under a new contract extension from Teekay.

Beginning April this year, the contract continues until the end of 2013 and has the option to extend until March 2015. The two-year extension option is valued at $87m (£56m).

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