Wood Group clinches contract extensions worth US$250 million

Wood Group Wood Group has secured two major contract extensions to provide operations and maintenance services in Africa. (Image source: Wood Group PSN)UK-based oil and gas services company Wood Group PSN (WGPSN) has secured two major contract extensions in Africa, worth around US$250mn

WGPSN has secured a five-year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa in a deal worth more than US$140mn. The contract marks the continuation of a contract first awarded in 2006, the company said.

An additional contract extension to provide operations and maintenance services to assets in Equatorial Guinea boosts the company's success in Africa. This three-year contract extension is worth more than US$110m and secures employment for around 130 people both onshore and offshore. The contract was first awarded to WGPSN in 2003.

James Crawford, WGPSN managing director for Africa, said, "We are extremely proud of our performance in Africa. These contract renewals and our new joint venture are testament to the standards of the services we provide and our commitment to expansion and investment in Africa.

“Our focus centres on safety performance, consistent delivery, developing a competent and skilled local workforce and supporting the communities where we operate.”

The company currently operates in Algeria, Angola, Cameroon, Chad, Egypt, Equatorial Guinea, Ghana, Mozambique, Nigeria, South Africa, Tunisia and Uganda.

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