Wood Group awarded three-year contract with Hess

6th Sep 2018 09:34

(Sharecast News) - FTSE 250 energy services company Wood Group has been awarded a three-year non-exclusive contract by Hess Corporation for the provision of operations, maintenance and other support services in the Gulf of Mexico.The company, which has worked with Hess for more than 25 years on a wide range of projects worldwide, said the work will be performed under a global enabling agreement, implemented in 2017. Andrew Stewart, chief executive officer of Wood's asset solutions Americas business, said: "This award enables Wood to continue to assist Hess in the Gulf of Mexico as we unlock our combined potential to create more efficiency through innovation. "We share the same operational excellence mindset and fully expect to achieve meaningful progress in safety, performance and cost savings."At 1245 BST, the shares were down 2.2% to 698.40p.