Wood Group wins Kazakhstan deal

Energy services company Wood Group has been awarded a multi-million dollar deal by US construction and civil engineering group Bechtel.

Under the deal, the FTSE 250 company will provide an automation solution consisting of detailed engineering, control hardware and remote instrument enclosures for TengizChevroil’s (TCO’s) Crude Storage Capacity Project at the Tengiz Field in Kazakhstan.

“We are combining the expertise and capabilities of our Automation and Controls personnel in the UK, US and Argentina to design and deliver a cost-effective solution that meets TCO’s needs,” said group chief executive Michele McNichol.

The group did not provide any financial details of the contract.

Wood Group shares were up 2.64 to 701.00p at 0806 BST on Wednesday.