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Wood Group Wins $120m Industrial Services Contract

Source: www.gulfoilandgas.com 3/1/2016, Location: Europe

Wood Group has been awarded a new five year framework contract with a five year extension option, valued at approximately $120 million, by Babcock International to provide industrial services to a number of its UK sites.

The contract will be delivered by Wood Group PSN’s industrial service line business, Wood Group Industrial Services (WGIS) and maintains the company’s leading position in the UK marine sector.

More than 400 people will be employed on the contract that builds on Wood Group Industrial Services’ 15 year relationship with Babcock International. Surface preparation, application of protective coatings, scaffolding, insulation, rope access, cleaning and fire sentry services will be delivered under this framework contract.

Hugh Pelham, managing director of WGIS, said: “Securing this new contract is testament to our track record in the marine sector and relationship with Babcock International. We have a strong history of delivering marine projects safely, to schedule and to budget. I look forward to building on this across further Babcock Group sites, and successfully continuing our long-standing relationship with this key client.”

This is the second contract announced by WGIS this year. In February the company secured a new five year framework agreement with Valero Energy, an international manufacturer and marketer of transportation fuels, petrochemical products and power, to provide services to the onshore Pembroke refinery in south west Wales.

In 2015 Wood Group Industrial Services secured over $300m of new contracts.

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