Wood Group signs $330m services deal with Harbour Energy
Harbour Energy
262.20p
16:40 25/11/24
-0.72%
-1.90p
Engineering company Wood Group said it had struck a $330m services agreement with North Sea oil and gas producer Harbour Energy.
FTSE 250
20,749.26
17:14 25/11/24
n/a
n/a
FTSE 350
4,571.01
17:14 25/11/24
n/a
n/a
FTSE All-Share
4,526.42
17:14 25/11/24
n/a
n/a
Oil & Gas Producers
8,092.24
17:15 25/11/24
-1.10%
-90.37
Oil Equipment, Services & Distribution
4,928.34
16:30 25/09/24
0.00%
4,928.34
Wood Group (John)
57.80p
16:59 25/11/24
7.04%
3.80p
Under the deal, Wood will provide engineering, procurement and construction and operations and maintenance services, including digital and decarbonisation solutions, for a number of Harbour's offshore assets.
The partnership will run for an initial term of five years, with five one-year extension options covering Harbour's operated assets, including its J-Area, Greater Britannia Area, Solan and Armada, Everest, Lomond and Erskine hubs.
Reporting by Frank Prenesti for Sharecast.com