Wood Group in new Angola venture
Published: 30th Nov 2011 11:02:28
Wood Group's new Angola-based joint venture (JV) has been boosted by a multi-million pound order from BP.
The energy services provider said the contract won by Wood Group Kianda involved maintenance work at BP's fields in offshore Angola.
The JV has been formed in partnership with the Aberdeen firm's Angolan business partner, Amilcar Nascimento.
Group companies Wood Group Mustang, Wood Group Kenny and Wood Group PSN will provide services through Kianda.
The BP contract is understood to run into tens of millions of pounds.
News of the deal came as Wood prepared to launch the new joint venture in Luanda.
The joint venture has been set up to provide a range of services including engineering, design, procurement, maintenance and support services to the Angolan market for process facilities, subsea developments and pipelines.
Angola is one of Africa's largest oil producing nations and one of the continent's fastest-growing economies.
Wood Group Kianda Ken McLennan said the JV reinforced the company's presence and long-term commitment to Angola.
Earlier this month, Wood Group announced a new contract worth £500m with Talisman Energy.
The new five-year deal will see the firm provide operations and maintenance services on all 11 of Talisman's UK offshore platforms and at the Flotta oil terminal on Orkney.
The contract is worth £90m per year, with an option to extend for a further five years.
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Harvard CitationBBC News, 2011. Wood Group in new Angola venture [Online] (Updated 30th Nov 2011)
Available at: http://www.ukwirednews.com/news/206576/Wood-Group-in-new-Angola-venture [Accessed 21st Apr 2014]
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With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com