Wood Group Gets 2 Mad Dog Phase 2 Contracts Worth $85 Million
March 14 2017 - 3:46AM
Dow Jones News
LONDON--John Wood Group PLC (WG.LN) said Tuesday it has been
awarded two separate contracts related to BP PLC's (BP.LN) Mad Dog
2 project worth around $85 million, providing engineering services
to further develop deep-water production.
The international energy services company, which Monday
announced plans to buy rival AMEC Foster Wheeler PLC (AMFW.LN) for
2.23 billion pounds ($21.71 billion), has been contracted by
Samsung Heavy Industries to provide detailed engineering and
procurement services for the topsides for BP's Mad Dog Phase 2
floating production unit. The contract is worth $80 million, and
follows the December 2016 completion of interim agreement period
early work, which was valued at $4.5 million.
Additionally the company said its specialist technical solutions
business was awarded a $4.89 million contract for subsea
engineering and project management services to the Mad Dog 2
project.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
March 14, 2017 03:31 ET (07:31 GMT)
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