Wood Group Gulf of Mexico contracts valued at $...
Wood Group Gulf of Mexico contracts valued at $550 million
Supporting nearly 1 million BOPD additional capacity
HOUSTON, July 9, 2013--Wood Group's business in the Gulf of Mexico is robust,
with annualized revenue in the region totaling more than $550 million. Activity
is being driven by three of Wood Group's business units - Wood Group Mustang,
Wood Group Kenny and Wood Group PSN - with more than 3,500 personnel providing
engineering, operations & maintenance services across the region.
Wood Group Mustang is a market leader in the design of topsides for floating
facilities and has designed more than half of the 42 floating facilities
currently installed in the deepwater US Gulf of Mexico. Currently, the
greenfield process & facilities engineering business is providing engineering
services for the topsides of 10 Gulf of Mexico facilities, with the combined
potential to add almost one million barrels of oil per day (BOPD) to the world
energy supply. The engineering services being provided range from:
* pre-front-end engineering design (pre-FEED) to detailed design for six
greenfield projects, including two in Mexico's Bay of Campeche;
* follow-on services for five platforms; and
* full main automation contractor (MAC) services for two platforms.
Meanwhile, Wood Group Kenny, specialists in subsea and pipeline engineering, is
providing engineering services for nine customers for 12 deepwater Gulf of
Mexico projects in water depths from 2,700 feet to 7,000 feet (820 - 2,130
meters).
Wood Group Kenny's engineering services include FEED and detailed design of
subsea developments, design of a deepwater export pipeline, subsea operations
support and integrity management services.
Wood Group Mustang's and Wood Group Kenny's deepwater expertise often leads to
the two businesses providing complementary services on the same project. Both
are currently providing technical services on six deepwater Gulf of Mexico
facilities, including for Chevron's Jack & St. Malo field, the first
ultra-deepwater development in the Lower Tertiary Trend.
Adding to Wood Group's Gulf of Mexico activities, Wood Group PSN, the
brownfield production services business, was recently awarded a five-year
contract by Hess to support the Baldpate, Tubular Bells and Stampede platforms.
Services to be provided include operations & maintenance and the development of
a computerized maintenance management system.
Across the Gulf of Mexico Wood Group PSN:
* is supporting almost 70 operators on around 1,400 manned and unmanned
platforms;
* has more than 2,900 personnel; and
* is providing operations & maintenance, measurement and mechanical services,
commissioning, training and development consulting, and specialty services
such as medics and safety technicians.
"Wood Group's business has grown significantly since our early days in the Gulf
of Mexico market. Our success can be attributed to our people, the
relationships they've built with our customers, and their focus on working
safely and seeking to assure the safety of everything we design, construct,
operate and maintain," explained Bob Keiller, CEO of Wood Group. "Our people
work to understand our customers so we can anticipate their needs and aim to
exceed their expectations. They are the heart of our business."
-ends-
Notes to Editors:
Wood Group is an international energy services company with around $7bn sales,
employing about 43,000 people worldwide and operating in 50 countries. The
Group has three businesses - Wood Group Engineering, Wood Group PSN and Wood
Group GTS - providing a range of engineering, production support, maintenance
management and industrial gas turbine overhaul and repair services to the oil &
gas, and power generation industries worldwide. www.woodgroup.com
Wood Group PSN is a global provider of pre-operations, hook up & commissioning,
operations & maintenance, engineering, construction, project management,
training and decommissioning services to the energy industry. Employing over
29,000 people in more than 40 countries, Wood Group PSN offers high integrity,
brownfield services that support customers to optimise performance, maintain
production, reduce operating costs and provide integrity assurance.
www.woodgroup-psn.com.
Wood Group Mustang is a global project management, engineering, procurement,
and construction operations company serving the upstream oil and gas, refining
and chemicals, pipeline, automation and control, and industrial markets. It has
offices in the United States, Latin America, Canada, United Kingdom, Malaysia,
West Africa and the Middle East. For more information, visit www.mustangeng.com
.
Wood Group Kenny is the world's largest independent specialist subsea, pipeline
and riser engineering and management contractor, employing approximately 2,500
people worldwide. www.woodgroupkenny.com
For further information contact
Media enquiries:
Carolyn Smith, Corporate Communications - Eastern Hemisphere, Wood Group
Tel: +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com
Bobbie Ireland, Corporate Communications - Americas, Wood Group
Tel: +1 (281) 828 3505, email: bobbie.ireland@woodgroup.com
Investor and analyst enquiries:
Nick Gilman, Head of Investor Relations & Corporate Communications, Wood Group
Tel: +44 (0) 1224 851404, email: nick.gilman@woodgroup.com
Andrew Rose, Investor Relations Manager, Wood Group
Tel: +44 1224 532716, email: andrew.rose@woodgroup.com
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