A Review of the Nigerian Energy Industry

Wood Group bags $240m in African deals

20 March 2013 – UK-based engineering giant Wood Group said its businesses have been awarded 11 new contracts in five African nations over the last year, totalling about £159 million ($240 million).

The group’s brownfield production services company Wood Group PSN has secured contracts in Equatorial Guinea, Chad and Algeria to provide operations and maintenance and construction services.

Wood Group PSN managing director for Africa, James Crawford, said on Wednesday that the company was very clear about the countries and projects it targets.

“We are committed to building a sustainable business in Africa,” he said in a statement.

“These wins feed our ongoing growth strategy for the continent.”

These latest contracts follow Wood Group PSN’s contract win announced earlier this week with US supermajor Chevron for offshore and onshore plays in Colombia.

In addition, rotating equipment specialist Wood Group GTS has won a long-term deal covering two GE-frame 9E gas turbines for an operator in Ghana, while process and facilities engineering business Wood Group Mustang has agreed to provide detailed engineering for wellhead platforms, a production processing platform and a living quarters platform for an offshore Angola project.

Wood Group Mustang executive vice president Michele McNichol said in a statement that the group remained committed to bringing economic value to African countries.

“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,” McNichol said.
*Danica newnham, Upstreamonline

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