Wood Group lands ‘multi-million’ subsea deal with BP

Energy services firm Wood Group today said it has secured a “multi-million” dollar contract with oil major BP.

Wood Group Kenny chief executive Bob MacDonald

Under the five-year deal, the Aberdeen-based group’s Kenny division will provide engineering services to BP’s existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves and offshore Azerbaijan.

The contract will be delivered from Wood Group Kenny’s offices in Aberdeen, Baku, Houston, London and Norway.

Wood Group Kenny chief executive Bob MacDonald said: “This significant contract demonstrates our unique independent model and our ability to deliver a complete portfolio of subsea services across global projects.

“Wood Group has over 40 years of experience working with BP. We look forward to continuing our close partnership with this long-term client on this project, which will see us provide operational support for many of the assets we helped to design. Our key focus will be on effective and efficient delivery in this challenging climate.”

The deal is the second major contract secured by Wood this year with BP, which on Tuesday reported a 40 per cent slide in quarterly profits. In February, its Massy Wood Group joint venture started a five-year contract, potentially worth up to $250 million (£163.8m), to provide services to BP’s 13 upstream offshore facilities and two onshore assets in Trinidad & Tobago.

Wood Group yesterday said that general counsel and company secretary Robbie Brown will step down from his roles at the end of the year, at the same time as chief executive Bob Keiller is set to retire and hand over the reins to Robin Watson, currently chief operating officer.