Africa wins for Wood Group

January 21, 2014

WGPSN has secured a five year contract extension to provide operations, maintenance and construction management services for asset facilities in central Africa, in a deal worth more than $140 million.

The contract employs about 580 people and marks the continuation of a contract first awarded in 2006.

An additional contract extension to provide operations and maintenance services to assets in Equatorial Guinea boosts the company's success in Africa.

This three year contract extension is worth more than $110 million and secures employment for about 130 people, onshore and offshore. The contract was first awarded to WGPSN in 2003.

Wood Group has also recently established a new joint venture (JV) in West Africa. Wood Group Ghana is now a partnership with Kwaku Boafo Nyantekyi-Owusu, and enables the Group to bring integrated services and technical support services to the oil and gas sector in Ghana.

Wood Group is a 49% shareholder in the JV which will be jointly operated and led by Mr Nyanteki-Owusu, as president and majority shareholder.

In Africa, WGPSN employs more than 3000 people working onshore and offshore. The company currently operates in Algeria, Angola, Cameroon, Chad, Egypt, Equatorial Guinea, Ghana, Mozambique, Nigeria, South Africa, Tunisia and Uganda.



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