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Wood Group to create 150 jobs on new North Sea contract

150 new jobs are to be created after Wood Group won a new five-year contract with BP in the North Sea.

150 new jobs are to be created after engineering company Wood Group won a new five-year contract with BP in the North Sea worth £479 million.

The contract, which is effective from January 2015, is for engineering and procurement and construction services to six of BP’s UK continental shelf offshore upstream assets and a onshore midstream facilities in Grangemouth.

In gaining the contract – the largest awarded to the subsidiary of the group, marks the first time they have secured work on the onshore facilities, and adds to a current contract to support BP’s terminal in Shetland.

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The Aberdeen-based parent company John Wood Group Plc, has also today posted a pre-close trading update for the year to December 31, 2014.

The group notes 2014 will be “in line with expectation” and ahead of the prior year.

The subsidiary that has won the contract is expected to deliver “strong growth in 2014”, primarily driven by strong performance in the Americas, “led by US shale related activity, including the benefit

“We expect our largely reimbursable order book and prospects, range of longer term contracts, and spread of business to provide relative resilience in 2015 and we will see the full year benefit from completed acquisitions.”

Adding: “Our balance sheet remains strong and supports our continued investment in further acquisitions and organic growth.

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