Wood Group PSN, a unit of international energy services company John Wood Group PLC (WG.LN), said Tuesday it has been awarded a new five-year contract, with an option to extend for a further five years, from Talisman Energy (U.K.) Ltd., a subsidiary of Talisman Energy Inc (TLM), to provide Operations and Maintenance Services on all 11 of Talisman's U.K. offshore assets and at the Flotta Oil Terminal on Orkney.

MAIN FACTS:

-Contract will be worth GBP90 million per annum and will begin Nov. 15.

-Talisman Energy (U.K.) has also extended Wood Group PSN's existing Engineering & Modifications Services contract, worth GBP50 million per annum, until the end of 2012.

-Wood Group shares closed Monday at 651 pence valuing the company at GBP2.4 billion.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

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