Wood Group PSN Awarded GBP500 Million Talisman Contracts
15 Novembre 2011 - 8:52AM
Dow Jones News
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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