• $
  • €
  • ₽
  • ₺
  • £

BP Azerbaijan signs $500 million EPCM contract with Wood Group

BP Azerbaijan signs $500 million EPCM contract with Wood Group
28.04.2016 13:37
Wood Group has won a new five year contract with BP-operated projects, valued at $500 million, to deliver services to eight facilities, offshore Azerbaijan. Effective immediately, Wood Group PSN (WGPSN) will provide engineering, procurement and construction management services (EPCM) under the contract, which has the option of two, two year extensions.

Creating approximately 200 new positions, WGPSN will support the following platforms: Chirag, Central Azeri - Production Drilling Quarters, Central Azeri - Compression and Water Processing, East Azeri Production Drilling Quarters, West Azeri- Production Drilling Quarters, Deep Water Gunashli - Drilling & Utility Quarters, Deep Water Gunashli - Pressure Compression and Water Utilities and Shah Deniz Stage 1.

This latest contract builds on Wood Group's continued support of BP-operated projects offshore Azerbaijan. Wood Group Kenny is already providing subsea engineering services to these eight platforms under a multi-million dollar contract announced in October 2015, which also includes support of BP's existing subsea infrastructure in the Gulf of Mexico, UK and Norwegian continental shelves.

David Buchan, WGPSN's eastern region managing director, said: "Wood Group has a 40 year history of working with BP across their global assets and this new contract award is reflective of the strong relationship we maintain with this key client, built on collaboration and continued excellence and assurance in our service delivery.

"Our focus is on leveraging our knowledge across this portfolio of assets and our expertise in engineering, procurement and construction, to ensure their efficient, effective and safe productivity.

"We are committed to hiring and developing local personnel, building partnerships and supporting supply chain companies in the communities where we operate. This is reflected on this contract where more than 50 per cent of the workforce will be from the region with a focus on increasing local employment opportunities further, as the contract progresses."

www.ann.az
Facebook
Go
Similar news
Similar news
Chamber of Accounts Approves Opinions on 2027 State Budget and SSPF Drafts
Business 17:30
Chamber of Accounts Approves Opinions on 2027 State Budget and SSPF Drafts
Azerbaijan Natural Gas Consumption Drops 6.7% in Q3 — SOCAR
Business 17:00
Azerbaijan Natural Gas Consumption Drops 6.7% in Q3 — SOCAR
Natural Gas Futures Tick Up on NYMEX for December Delivery
Business 12:30
Natural Gas Futures Tick Up on NYMEX for December Delivery
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Business 11:56
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Business 11:00
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Business 10:30
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Gold and Silver Advance on COMEX in Latest Trading Session
Business 10:00
Gold and Silver Advance on COMEX in Latest Trading Session
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
Business 09:30
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
SOCAR Commissions Its 100th Petrol Station in Romania
Business 18:03
SOCAR Commissions Its 100th Petrol Station in Romania
Anews TV

Our official Youtube channel

Subscribe