REG - Wood Group (John)PLC - Trio of global engineering agreements with bp

John WoodAnnouncement

05/12/2024 07:00

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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 (mailto: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 (http://www.woodplc.com)

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