Wood Group wins 3 new Abu Dhabi contracts worth $53m

Oil services company Wood Group said it had been awarded three new, call-off contracts totalling $53m by the Abu Dhabi National Oil Company (ADNOC).

Project management consultancy services would be provided for major projects across the company's onshore fields in Abu Dhabi, aimed at supporting ADNOC's group-wide production capacity target of 4m barrels of oil per day by 2020, Wood said.

The five-year contracts have one-year extension options available.