Wood Group wins two BP contracts worth $85m

Oilfield services company Wood Group has won two contracts totalling $84.89m to provide engineering services to develop deepwater production for BP’s Mad Dog project in the Gulf of Mexico.

For the first $80m contract, Wood Group, which has been contracted by Samsung Heavy Industries, will provide engineering and procurement services for the topsides for BP’s Mad Dog phase two floating production unit.

This follows the completion of interim agreement period work completed last December, which was valued at $4.5m.

The second $4.89m contract is part of the recently signed global services agreement with BP for subsea engineering and project management services to the Mad Dog two project, which includes gas lift system interface design, geospatial information system support, subsea controls engineering and geotechnical engineering support.

Wood Group chief executive Robin Watson said: “These contracts demonstrate the confidence our key clients have in our teams to meet their specific cost-saving needs while delivering innovative and impartial engineering solutions on time.

“The combined Wood Group offering provides a perfect blend of our technical expertise giving BP an optimal solution.”