Wood Group (John) PLC Trio of global engineering agreements with bp
December 05 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8638O
Wood Group (John) PLC
05 December 2024
Wood Group (John) PLC
5 December 2024
Wood
signs a trio of global engineering and project delivery agreements
with bp
John Wood Group PLC ('Wood' or 'the Company') has signed three major
agreements with bp to provide engineering and project delivery
services for their capital projects worldwide.
The contracts cover a new master
services agreement (MSA) for engineering, procurement and
construction management (EPCm) services as well as two extensions
to existing long-term frameworks for the provision of conceptual
engineering and Pre-FEED/FEED (front end engineering and
design).
The new EPCm agreement will run for
an initial term of three years with the potential for extensions of
an additional four years. Meanwhile the conceptual engineering and
pre-FEED/FEED frameworks have been extended for an additional three
years each.
The agreements cover all of bp's
business units and will see Wood providing support for offshore and
onshore assets within the upstream, midstream and downstream energy
markets. The deals build on a decades-long successful partnership
between the two companies and is in addition to a multi-region
asset management agreement signed in September 2022.
The new frameworks will help to drive
efficient and predictable delivery outcomes for bp global projects
worldwide and will see Wood providing a clear focus on digitally
enabled delivery as well as asset decarbonisation.
Ken
Gilmartin, Wood's CEO said:
"We
are delighted to enhance our partnership with bp, which continues
to go from strength-to-strength. As a company we thrive in
supporting our clients to deliver some of the most complex and
challenging projects in the energy and materials markets and we
look forward to working with bp to support the full lifecycle of
capital projects worldwide."
|
For
further information:
|
|
|
Simon McGough, President, Investor
Relations
|
+44 (0)7850 978 741
|
|
Alex Le May / Ariadna Peretz, FTI
Consulting
|
+44(0)20
3727 1340
FTI_Wood@FTIconsulting.com
|
Note
to Editors:
Wood is a global leader in consulting and engineering, delivering
critical solutions across energy and materials markets. We provide
consulting, projects and operations solutions in 60 countries,
employing around 35,000 people. www.woodplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
AGRDZLFBZLLFFBD
Wood Group (john) (LSE:WG.)
Historical Stock Chart
From Nov 2024 to Dec 2024
Wood Group (john) (LSE:WG.)
Historical Stock Chart
From Dec 2023 to Dec 2024
