Wood Group wins $85m Mad Dog 2 contracts

Aberdeen-based Wood Group said on Tuesday it won two separate contracts related to BP’s Mad Dog 2 project in the Gulf of Mexico, providing engineering services to further develop deepwater production.

On Monday, Wood Group said it agreed to buy rival firm Amec Foster Wheeler for about £2.2 billion in an all-share “transformational” deal to create a combined firm with a stock market value of about $6 billion, making it among the biggest oil services companies in Europe.

Wood Group said it won an $80 million contract with Samsung Heavy Industries to provide detailed engineering and procurement services for the topsides for BP’s Mad Dog Phase 2 floating production unit.

“Additionally, as part of the recently signed global services agreement with BP, Wood Group’s Specialist Technical Solutions (STS) business was awarded a $4.89 million contract for Subsea Engineering and Project Management Services to the Mad Dog 2 project,” said Wood Group.

Mad Dog 2 is the second platform designed by Wood Group for BP in the Gulf of Mexico Mad Dog field.

Wood Group chief executive Robin Watson said: “Wood Group’s strong relationships with BP and Samsung and proven performance in deepwater projects are the foundations of our partnership in continuing deepwater work in the Gulf of Mexico.”