Wood Group wins five-year engineering services contract

Wood Group said on Tuesday that it has won a strategic five-year engineering services contract at an Australian gas export project.

The contract, which includes a two-year extension option, is effective immediately and will see the company support the INPEX-operated Ichthys offshore facilities off the coast of Western Australia and onshore liquefied natural gas processing facilities in Darwin, Northern Territory.

The contract will be executed from Wood's offices in Perth, Australia, and includes the delivery of engineering services to support the execution of brownfield works as well as technical support services.

Chief executive Robin Watson said: "We are proud to be offering our diverse capabilities from subsea and topsides to brownfield engineering on this complex project, which has an operational life of at least 40 years.

"Our commitment is to leverage our global brownfield engineering expertise to ensure we deliver innovatively, efficiently and safely."

At 0810 GMT, the shares were up 1% to 626p.