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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

London Stock Exchange
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Share Price: 196.80
Bid: 196.70
Ask: 197.00
Change: -3.10 (-1.55%)
Spread: 0.30 (0.153%)
Open: 197.20
High: 199.00
Low: 195.60
Prev. Close: 199.90
WG. Live PriceLast checked at -

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TAQA extends Wood Group arrangement

Tue, 14th Jun 2011 07:05

Oilfield services firm Wood Group has extended its contract with TAQA Bratani Limited, the energy company that is 51% owned by Abu Dhabi Water and Electricity Authority, for a further five years.Under the terms of the deal, Wood Group PSN, a subsidiary of Wood Group, will provide operations & maintenance support and engineering & construction services to TAQA's Cormorant Alpha, North Cormorant, Tern and Eider platforms in the Northern North Sea.The contract marks a continuation of the previous Duty Holder and integrated facility management services contract awarded to Wood Group in November 2008.Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. It has around 600 people working on the TAQA contract, some 400 of them working offshore.--jh
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