Wood Group bags $240m in African deals

Africa: UK's Wood Group has won 11 new contracts worth a total of $240 million in Chad, Algeria, Angola, Equatorial Guinea and Ghana

UK-based engineering giant Wood Group said its businesses have been awarded 11 new contracts in five African nations over the last year, totalling about £159 million ($240 million).

The group’s brownfield production services company Wood Group PSN has secured contracts in Equatorial Guinea, Chad and Algeria to provide operations and maintenance and construction services.

Wood Group PSN managing director for Africa, James Crawford, said on Wednesday that the company was very clear about the countries and projects it targets.

“We are committed to building a sustainable business in Africa,” he said in a statement.

“These wins feed our ongoing growth strategy for the continent.”

These latest contracts follow Wood Group PSN’s contract win announced earlier this week with US supermajor Chevron for offshore…

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