New joint venture launched today with Angolan business partner
A new joint venture being launched today by Wood Group in Angola has already secured a multi-million pound contract with BP.
Wood Group said the new agreement, believed to be a three year deal with extension options, will be worth "tens of millions of pounds".
The deal comes just hours before the official launch of Wood Group Kianda, a new joint venture between Wood Group and its Angolan business partner, Amilcar Nascimento.
Aberdeen- based Wood Group said the joint venture will be majority controlled by the Angolan company in line with the country's wider objective to expand its capacity and supply capability.
BP has made a number of discoveries in the ultra-deepwater Block 31, offshore Angola in water depths of more than 2,000 metres.
Amilcar Nascimento already provides specialist services for ultra deep water, deep and shallow water developments as well as onshore facilities on and offshore Angola.
The Wood Group Kianda partnership will be responsible for maintenance of topsides facilities on an floating production storage and offloading (FPSO) system servicing some of BP's offshore Angola fields.
And Wood Group Mustang, Wood Group Kenny and Wood Group PSN will also provide specialist services within the joint venture agreement.
Ken McLennan, general manager of Wood Group Kianda, said: "Wood Group has been working in the Angolan market for over 10 years through various means so it's great to now launch Wood Group Kianda, a majority owned Angolan company.
"This reinforces our presence and long-term commitment to Angola. The contract award from BP also further extends Wood Group's global relationship with BP."