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Oil deal follows acquisition

Wood secures $85m contracts from BP

Robin WatsonOil services company Wood Group has won contracts worth $85 million related to BP’s Mad Dog 2 project providing engineering services to further develop deepwater production.

Wood Group has been contracted by Samsung Heavy Industries to provide detailed engineering and procurement services for the topsides for BP’s Mad Dog Phase 2 floating production unit. It is worth $80m.

The contract follows the December 2016 completion of early work, which was valued at $4.5m.

Wood Group’s Specialist Technical Solutions (STS) business has also been awarded a $4.89m contract for subsea engineering and project management Services to the Mad Dog 2 project.

That work includes gas lift system interface design, geospatial information system support, subsea controls engineering and geotechnical engineering support.

Mad Dog 2 is the second platform designed by Wood Group for BP in the Gulf of Mexico Mad Dog field.

Robin Watson, Wood Group’s chief executive, said: “Wood Group’s strong relationships with BP and Samsung and proven performance in deepwater projects are the foundations of our partnership in continuing  deepwater work in the Gulf of Mexico.

“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.”

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