Lucrative PNG deal for Wood

It is understood that Wood Group beat competition from WorleyParsons and Clough-Amec to secure the lucrative support role.

While no specific value was given for the five-year deal, a Wood Group spokesperson told Upstream that it was estimated to be in the range of between A$500 million and A$750 million (US$463.2 million and US$694.17 million).

The spokesperson added that the contract carried options for two extensions of two years, and that 500 personnel would be needed to service the contract, due to start on 1 August.

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