The company posted a profit of $121.2 million for the first six months of 2015, down from a first half profit of $149.9 million over the same period last year.

The drop in profits came as revenues slipped from $3.8 billion in the first half of 2014 to just under $3.1 billion this year.

Wood Group blamed the drop in revenue on reduced activity throughout the oil services sector amid low oil prices.

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