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

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

London Stock Exchange
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Share Price: 192.90
Bid: 191.60
Ask: 192.00
Change: 27.90 (16.91%)
Spread: 0.40 (0.209%)
Open: 168.10
High: 207.80
Low: 162.20
Prev. Close: 165.00
WG. Live PriceLast checked at -

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Wood Group wins 11 contracts in Africa

Wed, 20th Mar 2013 07:36

Multinational oil and gas services company Wood Group has won 11 new contracts in Africa, together worth 240m dollars.The group said on Wednesday its units Wood Group PSN, Wood Group GTS and Wood Group Mustang have secured deals for projects in five African nations.Wood Group PSN, which specialises in brownfield production services, has agreed to provide operations and maintenance and construction services to clients in Equatorial Guinea, Chad and Algeria."We are committed to building a sustainable business in Africa and are very clear about the countries and projects which we target, knowing where and how our expertise can enhance our customer's operations," said James Crawford, Wood Group PSN's Managing Director for Africa.Wood Group GTS, provider of rotating equipment solutions, has secured a long-term service agreement covering two GE Frame 9E gas turbines for an operator in Ghana.Wood Group Mustang, the process and facilities group of Wood Group Engineering, is providing detailed engineering for wellhead platforms, a production processing platform and a living quarters platform for an offshore project in Angola."Our commitment to building relationships and bringing economic value to African countries continues with recent project activity in the region," said the division's Executive Vice President, Michele McNichol. "We are expanding our history of successful project delivery to support the development of energy resources in this key oil and gas region and in providing career opportunities for local personnel."RD
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