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Wood Group signs long-term maintenance agreement with Suez for 665 MW Power Plant in Sultanate of Oman
- Oman: Wednesday, January 24 - 2007 at 15:27
- PRESS RELEASE
Wood Group Gas Turbine Services division, part of international energy services company, John Wood Group PLC, ("Wood Group"), has been awarded a 16-year contract by subsidiaries of Suez Energy International ("Suez") for the maintenance of eight General Electric Frame 9E Gas Turbines located at the former Al-Rusail Power Company in the Sultanate of Oman.
"Following our 2004 contract award with the GLOW Group in Thailand, a subsidiary of Suez, we are delighted to be working with them again on a significant power project," said Mark Papworth, Chief Executive Officer, Wood Group Gas Turbine Services.
"It was the willingness of Suez and Wood Group to approach this deal as flexible, solutions-oriented partners working together to provide an optimal solution that resulted in significant value for both companies. We are very excited about this opportunity and look forward to working together with Suez in Oman."
This contract extends the portfolio of Wood Group's long-term contracts worldwide and represents another successful step forward in demonstrating its broad range of services and highlights Wood Group's ability to provide an aligned, risk-sharing and value-added solution to its customers.
Miklos Almasy de Zsadany, Senior Vice President of Suez Energy Middle East, said, "This contract, along with those in place at GLOW, clearly shows that Wood Group's solution-orientated approach can bring significant value to power plant owners and operators."
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Wood Group is an international energy services company with approximately $3.3bn sales, employing over 20,000 people worldwide and operating in 44 countries. The Group has three businesses—Engineering & Production Facilities, Well Support, and Gas Turbine Services—providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas, and power generation industries worldwide.Wood Group Gas Turbine Services is a leading world-wide independent provider of operations, maintenance, repair and overhaul services for gas turbines, steam turbines, generators, and other high-speed rotating equipment, including pumps and compressors. The company also repairs gas turbine accessories and components for industrial and aero customers.
SUEZ, an international industrial Group, designs sustainable and innovative solutions for the management of public utility services as a partner of public authorities, businesses and individuals. The Group aims to meet essential needs in electricity, natural gas, energy services, water and waste management. SUEZ is listed on the Brussels, Luxembourg, Paris, New York and Zurich stock exchanges and is represented in the major international indices: CAC 40, BEL 20, DJ STOXX 50, DJ EURO STOXX 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone. The Group employs 157,650 people worldwide and achieved revenues of EUR 41.5 billion in 2005, 89% of which were generated in Europe and in North America.
SUEZ is an official sponsor of the French National Soccer Team.
SUEZ Energy International (SEI) is one of the four business lines of SUEZ. With headquarters in Brussels, SEI offers global solutions in energy and services to customers in North America, the southern cone of Latin America, Asia and the Middle East. It develops, builds and operates energy facilities both in electricity and gas, including liquefied natural gas (LNG). It transports and distributes natural gas and LNG in several countries outside Europe. SEI is also active as a trader around its assets and as a marketer in electricity and gas, and offers energy related services to industrial and commercial customers.
For further information please contact
Carolyn Smith, Director, Corporate Communications, Eastern Hemisphere, Wood Group, Aberdeen Tel: 01224 851099, mobile 07834 890297
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