Press release
Press release
Wood partners with Petrobras on future FPSO concepts
Wood, a global leader in consulting and engineering, has formed a new strategic alliance focused on enhancing efficiency, continuous improvement, and value creation across bp’s global Site Projects organisation.
The alliance aims to improve capital efficiency in Site Projects, starting in bp’s North Sea portfolio and expanding to include projects in Trinidad and Tobago later this year. Utilising high value engineering solutions and capabilities will achieve targeted cost savings and deliver more efficient projects.
Martin Simmonite, Senior Vice President of Operations, UK at Wood said: “The new alliance continues to build on our long-term relationship with bp and complements our multi-regional engineering services contract that was awarded to Wood in 2022. Our teams will work with bp to realise operational improvements, enhance efficiency and continue safe energy production.”
Graeme Gordon, Vice President, Production, bp North Sea said: “The formation of this alliance allows us to build on the relationship we have with Wood and innovate on how we deliver safe and efficient site projects together.”
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