Wood Group Gets Multimillion Dollar Contract For Statoil's Peregrino Field

(RTTNews) - Wood Group (John) PLC (WDGJF.PK, WG.L) Tuesday said it has been awarded a multimillion dollar contract to provide detailed engineering and design, and procurement services to South Atlantic Holding, owned by Statoil and partner Sinochem. The deal is for the development of the Peregrino field wellhead platform C, offshore Brazil.

Wood Group Mustang will perform the work for Kiewit Offshore Services, a fabricator for the oil & gas industry. Mustang unit completed the front-end engineering and design for wellhead platform C in 2015 and previously designed wellhead platforms A and B.

This contract adds to Wood Group's portfolio of services provided to Statoil. The two companies recently signed a master services agreement for Wood Group to support the lifecycles of Statoil's onshore and offshore facilities.