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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 189.30
Bid: 188.00
Ask: 188.40
Change: 9.30 (5.17%)
Spread: 0.40 (0.213%)
Open: 178.00
High: 189.30
Low: 176.80
Prev. Close: 180.00
WG. Live PriceLast checked at -

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John Wood To Provide Maintenance Services To Shell's Malampaya Project

Mon, 20th Aug 2018 07:42

LONDON (Alliance News) - John Wood Group PLC on Monday said it has secured a six-year contract to provider asset management services to Royal Dutch Shell PLC's Malampaya deepwater gas-to-power project located in the Philippines.

The company, which offers engineering and technical services to energy and industrial markets, said it will provide maintenance services, modifications and shutdown support as part of the contract. No financial details of the contract were disclosed.

"This win is a powerful example of a revenue synergy achieved by the combination of Amec Foster Wheeler and Wood Group's broad capabilities and depth of experience. As Wood, we bring together our successful track record and local knowledge developed from working on these offshore assets and onshore gas plant, and our strong global operations and maintenance expertise," said John Wood Chief Executive Robin Watson.

The new contract adds to John Wood's support of the Malampaya project where it has provided integrity management of subsea pipelines since 2001. The company also has completed front-end engineering design, and engineering, procurement and construction of the onshore gas plant in the late 1990s and early 2000s at Malampaya.

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