Wood Group signs North Sea deal
Wood Group, the FTSE 250-listed energy services firm, yesterday said it has been awarded a $500m (£300m) five-year contract extension with Talisman Sinopec Energy in the UK, with an option for two additional, two year extensions. Under the new deal, Wood Group will provide engineering and modification services to Talisman’s 11 offshore assets in the UK North Sea. This deal will retain around 550 jobs onshore and offshore in the UK.