Wood Group wins $500m BP contract in Azerbaijan

Wood Group will provide service for BP in Azerbaijan. Picture: Contributed
Wood Group will provide service for BP in Azerbaijan. Picture: Contributed
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Energy services heavyweight Wood Group has secured a major $500 million (£343m) contract to provide services for BP-operated offshore facilities in Azerbaijan.

The five-year deal will see the Wood Group PSN (WGPSN) division provide engineering, procurement and construction management services for eight platforms.

The contract, which has the option of two, two-year extensions, builds on the group’s continued support of BP-operated projects in Azerbaijan. Its Wood Group Kenny arm is already providing subsea engineering services to the same eight platforms under a multi-million dollar contract announced in October 2015.

The latest deal for WGPSN will lead to the creation of about 200 jobs in the region and comes just a week after Wood Group secured a £100m North Sea services agreement with Nexen on Facebook.

David Buchan, WGPSN’s eastern region managing director, said: “Wood Group has a 40-year history of working with BP across their global assets and this new contract award is reflective of the strong relationship we maintain with this key client, built on collaboration and continued excellence and assurance in our service delivery.

“We are committed to hiring and developing local personnel, building partnerships and supporting supply chain companies in the communities where we operate.

“This is reflected on this contract where more than 50 per cent of the workforce will be from the region with a focus on increasing local employment opportunities further.”