Wood Group bags Gulf of Mexico deep water contract

Mustang, a company owned by FTSE 250 engineering firm Wood Group, has won a contract for a deep water production facility in the Gulf of Mexico.

Mustang, a company owned by FTSE 250 engineering firm Wood Group, has won a contract for a deep water production facility in the Gulf of Mexico.

The customer, US outfit Anadarko Petroleum, expects the site to produce 80,000 barrels of oil per day and 450 million standard cubic feet of gas per day.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.