Wood Group wins $31m US contract

The FTSE 250 oil and gas services company announced the deal on Tuesday.

The contract, which is initially for 12 months and reviewed annually, will create up to 65 new jobs and secure an additional 40 existing jobs.

The field in the Powder River basin consists of approximately 7,000 drilled wells, 6,000 to 12,000 drillable locations and currently produces 385m cubic feet of gas per day.

Wood Group’s Americas president John Glithero said the new contract strongly positions the company as one of the foremost providers of support to coalbed methane assets in the area.

“The management of services in unconventional oil and gas basins, including the coalbed methane market, presents a significant growth opportunity for us.

“We have the depth of experience and proven capabilities to deliver the broad portfolio of services required to meet the needs of operators working in this sector.”

Carbon Creek president Tom Fitzsimmons is confident in what Wood Group brings to the table.

“The alignment of our underlying core values will help us take these assets to the next level of performance.

“We expect the communities we work and live in are better off with our joint presence.”