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Wood Group wins CNOOC subsea contract

Wood Group wins CNOOC subsea contract
Wood Group has been awarded a subsea and flow assurance services contract by China's CNOOC to support their Lingshui 17-2 gas development in the South China Sea.

The contract is effective immediately and an independent review for the development's subsea production system design and well as a study and design for its gas export pipeline will be delivered.

Bob MacDonald, CEO of Wood Group's specialist technical solutions business, said: ''We are ideally positioned to support this significant Asia Pacific development with our global deepwater expertise and broad subsea capabilities.''

Earlier in the week, Wood Group had its takeover of Amec Foster Wheeler approved by the Competition and Markets Authority and now expects the deal to be finalised next month, once clearance is given by Mexican authorities.

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