May 2015 Financial News

Massy Wood wins bpTT contract

May 14, 2015

Massy Wood Group has been awarded a five-year contract, with a potential value of up to $250 million by bpTT to provide services to its local operations.

The company, which is jointly owned by Wood Group PSN (WGPSN) and the energy division of Massy Holdings Ltd, will deliver engineering, procurement and construction services to bpTT’s 13 upstream offshore facilities, located within the Greater Cassia and Greater Mahogany areas. The onshore Galeota Point Terminal and Beachfield facilities are also included in the scope of the contract, which is effective immediately.

Massy Wood Group has a nine-year history of working with bpTT and currently delivers an integrated maintenance service to the same 15 assets under a renewed five-year contract secured in January 2012.

This is the second major contract that Wood Group has secured with BP in recent months. In January, WGPSN began a five-year contract to provide engineering, procurement and construction services to six UK continental shelf (UKCS) offshore upstream assets and the Forties Pipeline System (FPS) onshore midstream facilities in Grangemouth.

Source:
Trinidad Guardian
Thursday May 14, 2015

http://www.guardian.co.tt/business/2015-05-14/massy-wood-wins-bptt-contract