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WOOD GROUP (JOHN) PLC: Wood Group PSN awarded Caltex contract extension


WOOD GROUP (JOHN) PLC: Wood Group PSN awarded Caltex contract extension 25 March, 2013

Wood Group PSN awarded Caltex contract extension

Wood Group PSN (WGPSN) has secured a contract extension from Caltex Australia Ltd (Caltex) to deliver integrated maintenance services at its two Australian refineries - Lytton in Brisbane and Kurnell in Sydney.

Effective from June 2013, the $45 million (AUD), 18 month contract marks the continuation of a three year contract first awarded to WGPSN in 2010.

Providing maintenance management, mechanical and support services to the Caltex refineries, WGPSN employs more than 200 people at both sites.

Matt Gavin, WGPSN managing director for Australia & Asia Pacific said, "We have been able to deliver tangible maintenance performance improvements across both refineries since this contract was awarded and this extension is testament to Caltex's confidence in WGPSN. It also further cements our credentials as a leading industrial maintenance service provider in Australia.

"Our key successes on this contract include a marked reduction in the backlog of maintenance work, significant improvement in maintenance compliance, and a pleasing increase in scheduled work delivery. This has translated to improved reliability and performance at both sites and will hopefully help Caltex achieve its goal of becoming a top quartile performer for maintenance and reliability when compared to other refineries in the Asia Pacific region.

"Promoting a strong safety culture at both Lytton and Kurnell has also been a priority."

Gary Smith, general manager of refining and supply at Caltex, said, "Wood Group PSN has worked closely with Caltex to help deliver measurable improvements in reliability and has been an important partner in driving improved safety outcomes at both locations".

ENDS

Notes to Editor:

Wood Group is an international energy services company with around $7bn sales, employing around 43,000 people worldwide and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and GTS 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. www.woodgroup.com

Wood Group PSN is a global provider of pre-operations, hook up & commissioning, operations & maintenance, engineering, construction, project management, training and decommissioning services to the energy industry. Employing over 29,000 people in more than 40 countries, Wood Group PSN offers high integrity, brownfield services that support customers to optimise performance, maintain production, reduce operating costs and provide integrity assurance. www.woodgroup-psn.com

Caltex Australia With more than 3,500 employees across Australia, Caltex is the nation's leading fuels marketer and is underpinned by a flexible and reliable supply chain. The integrated business incorporates supply, refining, logistics and marketing. With more than 27,000 shareholders, including institutions, retail investors, employees, and Chevron Global Energy Inc., Caltex is the only oil refining, fuel and convenience marketing company listed on the Australian Securities Exchange. Caltex's vision is to be the outright leader in transport fuels across Australia.

For further information contact:

Zara D'Cotta, Communications lead - Australia & Asia Pacific, Wood Group PSN Tel: +61 4 02 280 064, email: zara.dcotta@woodgroup.com

Kerry Sedge, Global communications manager, Wood Group PSN Tel: +61 4 175 78000, email: kerry.sedge@woodgroup.com

Carolyn Smith, Director, Corporate Communications - Eastern Hemisphere, Wood Group Tel : +44 (0) 1224 851099, email: carolyn.smith@woodgroup.com

END

-0- Mar/25/2013 07:00 GMT

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